Most people indulge on the kind of loans that suit them best. They apply loans that meet their needs and apply for loans where the conditions and requirements are within reach and can be carried out easily. Today, there are two common loans that entice people so much. When still confuse about what loans to apply for, these are the two types of loans you need to consider.
1. Logbook Loan
These are loans that can be easily acquire and approved. There are no hassles about completing lots of requirements and does not base your loan on your credit rating. The borrower is allowed to borrow up to £ 50, 000 as long as he or she is 18 years old and older and owns a car or any vehicle. The amount of loan will depend on the value of car being pledged. When you want to apply for Logbookcentral.com here are the things you need to do.
a. Go to the local branch along with the vehicle you want to pledge
b. Show some proof and evidence that the car you are with is yours. You can show some tax, registration and insurance perhaps.
c. Hand your logbook to the lenders as these will be your pledge
d. You can continue to use your car as before and the payment will be on installment depending on the agreed tome frame
e. The logbook will be given back right after the loan is settled. If in any case you defaulted your loan, the car you pledge will be good as theirs
2. Payday Loan
Just like the first type of loan, these loans are still easy to apply and still ideal for people who have poor credit ratings. They are short term loans and you only borrow as much as £ 1,000, guaranteed you’ll be able to settle this on your next payday. If you are interested, these are the things you should do.
a. Visit the nearest payday loan agency on your place
b. Apply for a loan and provide proof and evidences that you have a regular job
c. Both parties should agree to the terms and conditions and you can transact online to be able to receive your cash
d. Be sure to pay it on the next payday
Reference
taken from here http://www.logbookcentral.com/