- How to Choose Your Lender?
- What We Do?
- Logbook Loan Review Online!
Choosing your lender may be a tedious task in the beginning if you don’t know what to look for, but it’s also not advisable to just flip a coin and base your decision on it. Even if logbook loans may appear to some as a desperate solution for the hopeless, it should be given careful thought and attention, the same way you would when applying for a major loan or purchase with good credit. In fact, the worse your credit might seem, the more you should take the application seriously.
Check the License:
Before anything else, make sure you check if the lender is accredited with the FCA. This ensures that the company is regulated and licensed to operate in the UK, and if anything goes wrong, you can file a complaint and be assured that your rights are protected.
Compare the Rates:
Of course, one of the first things you have to look out for is the loan APR. This determines how much your deal will cost for a particular period of time. If you have the option, choose the one with the most attractive rates with some of the best features as well.
Study the Terms:
Not all the time you should stick with the lender who offers the lowest interest rates. Sometimes, there are particular details in the contract other than the rate that makes one better than the other. For instance, you may find that you’ll be better off with a lender with the smallest late payment charges or one that allows you to settle the loan in full before the agreement date. This way, you may actually be able to save more than just focusing on the interest alone
Check Customer Feedback:
Lastly, getting insights from other people’s experiences would be very helpful. Be careful though, as many reviews are biased, especially those posted on the lenders’ sites themselves. Some third party websites can easily be paid as well to post positive reviews about a particular company. Be sure to check Traffic Loans all the time as we keep on posting new reviews that you can trust.
Welcome to Traffic Loans! We are UK’s most reliable logbook loans review site, dedicated to bringing real and honest reviews for all borrowers intending to take out a logbook loan for whatever needs they may have. If you’re thinking about borrowing from a logbook lender but have no idea where to start, this is the best place to go!
Our reviews are compiled by trusted finance specialists who have had years of expertise in the credit and personal finance world, studying logbook loans in particular. We recognise how tricky the business of logbook loan is, and we are here to help you avoid the pitfalls associated with most of the deals out there, giving you a positive and rewarding experience.
We’d like to stress out that logbook loans are not for everyone, but should you find yourself in need of quick cash and all other options are exhausted, we are here to assist you in making the most out of your deal.
We’ve put up helpful reviews on our site to highlight some of the most known brands in the logbook loan industry. We basically review only those who have been in the business for quite some time and have shown excellent performance based on customer reviews and our observations as well. Additionally, we also aim to enlighten users about existing logbook loan scams and what you can do to protect yourself from these Unscrupulous Lenders.
Paying attention to our extensive reviews can help you obtain helpful insights about some of the best lenders and what options you have. With the increasing popularity of logbook loans, the market has become saturated with lenders, and unfortunately lots of them do not really meet decent lending standards. We strongly suggest going through our pages very carefully and giving yourself enough time to think and explore before you can grab the real deal.