Infignos Media -- buyersUSA Consulting
NOW PLAYING
15 Radio Streams
Click Here
buyersUSA Consulting
Advertise Here

From Banking and Financial Services - Financial Markets

Brought to you by The Party Center

Everything you need for your next party! Specializing in items for your birthdays, weddings, anniversaries, and all holidays and special occasions. Located at 1716 Hamric Drive East in Oxford. Call 256-831-4449.

Body Image



Logbook Loans Take the Upper Hand from Banks in Secured Lending

Wed, 11 Apr 2012 18:56:20 EST

Consumers are turning away in their droves from high street banks and towards logbook loans as preferred forms of secured lending, says UK logbook loan provider, LogbookLoan.org.uk.

A LogbookLoan.org.uk spokesperson said, 'As much as some of our customers are not eligible for secured loans from banks due to not being homeowners, an increasing proportion of them are homeowners who eschewed banks to select logbook loans as finance solutions.'
'After the scandal of many banks seeing their credibility being called into question with government bail-outs and bankruptcy, many customers of ours don't feel comfortable with entrusting these institutions with their financial affairs. Banks themselves are no longer viewed as impervious to financial hardship and the risk of signing over one's property is too high for some customers.'

The LogbookLoan.org.uk spokesperson continued, 'In addition, property is often the largest asset most people possess. Their car is the second largest but it is a lot less alarming to secure a loan against a vehicle than a home. Customers feel more comfortable with a 78 week logbook loan secured against their car with a company like us, rather than a 60 month bank loan secured against their home.'

'A lot can happen in 5 years – the UK had several large banks and mortgage providers go bust in a matter of days, so you can understand people's rationale. Banks have lost the upper hand on consumer lending and just don't represent what customers want these days. Logbook loans seem to offer them more appealing terms. '

About Us
LogbookLoan.org.uk  was established to provide loans for UK customers secured against the value of a vehicle such as a car, motorcycle, van or any other type that has a log book. This proof of ownership is held in exchange for the loan funds and held by the lender for the duration of the loan, while the customer continues to use their vehicle as normal. Upon complete repayment of the loan, the customer received back the logbook.


Source: WebWire



From Our Blogs

Space? Ocean Depths? Experts Predict the Future of Travel

Three areas of travel where you can expect to see dramatic changes in the not so distant future.

Afterschool Participation Grows but Unmet Demand Nears 20 Mil

Children in afterschool programs expand their horizons.

Job Seekers: Resolve to Make a Better Impression in 2015

The New Year is the perfect time to revamp your look for a smooth job search.

Resolve to Learn More about Wine in 2015

In 2015, consider expanding your knowledge of wine as a great New Year's resolution.


Sign up for our weekly newsletter.

Our Website Sponsors

TransformationSolutions.com

Stop smoking, lose weight, and even improve your golf score. For our free consultation call 256-237.8049 or visit us on the web at transformationsolutions.com

Buyer's Edge Realty

Annie Brunson, Buyer’s Edge Realty: A long record of successfully guiding buyers and sellers through all aspects of real estate.

Oxford Carpets Coldwater

A new depth of 1st quality luxury for your family at frugal prices! Always 50% less than our local competitors! Call Oxford Carpets Coldwater at 256-835-2155

LaMar's Donuts

Our donuts are the ultimate indulgence. Visit us at our 1781 Hamric Drive E. location in Oxford. Call 256-832-4353.

TCBY Yogurt

The country's best yogurt. Softserve, hand scooped, smoothies, cakes, pies, and specialty items. There's nothing like a specialty ice cream cake for your next special occasion! Visit or Anniston location at 1903 Quintard Avenue. 256-238-8229.