If you have your own car and would like to get a loan for more money than a payday loans company is willing to lend then you might want to consider taking out a log book loan instead.
Log book loans lenders use your car as security for a loan meaning the size of the loan you get is directly related to the value of your vehicle. You will usually be offered about 50% the market value of your car and can choose how long to pay it off over. Unlike payday loans you will be able to take the cash over a much longer period with 18 month loans all too common.
These secured loans can come in handy for anyone who has bad credit who needs fast cash but who finds that payday loans companies just don't offer a big enough loan.
Wednesday, 15 July 2009
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