Bad Credit

Bad credit is a thing of the past with a log book loan from V5 Loans. If you have had a loan refused due to CCJs, V5 Loans will be able to offer a logbook loan instead. Even having been refused a loan you can unlock the cash value in your car with a logbook loan from V5 Loans. V5 Loans are not concerned about bad credit, because we recognise people can get a bad credit rating through no fault of their own.

V5 Loans are highly competitive log book loans. Help is at hand with living costs. It doesn’t matter if you live with your parents V5 Loans can help. You could be a council tenant, a housing association tenant or you could rent a private property. If you have CCJs. Had a loan refused. You could still get a tenant loan.

To apply for a loan, simply contact us by telephone or online. The amount you borrow will depend on the value of your car. We cannot offer loans at incredibly low rates, but they are competitive rates for the industry. We lend money for people to consolidate their debts, buy a car, go on holiday or simply if they need additional money to make ends meet V5 Loans can offer a logbook loan if you qualify for a loan. You have to be the legal owner of the car to qualify for a V5 Loan. Even if you purchased your car on finance & have paid the amount owed or you are close to finishing paying, we can offer you a loan. V5 Loans offer log book loans so you receive your money in 24 hours. It is the perfect solution for access to quick and easy cash. You can settle your loan early to receive an interest rebate. The interest being relevant to how quickly you can settle your loan.

V5 Loans offer our outstanding level of service whether or not you already have existing debts, CCJs or bad credit. We can provide you with a loan even if you have been refused a loan by other companies. We offer loans to people normally expecting to be refused a loan because other companies may not consider them a good investment. If they have CCJs against them, a bad credit rating or even existing debts. At V5 Loans, we do not feel the need to take this into consideration before offering our services.

Bad Credit Loans

People with a bad credit history can get a bad credit loan from V5 Loans in the form of a logbook loan. If you have been refused a loan due to previous or existing CCJs or existing debts, V5 Loans offer logbook loans to people requiring loans despite their credit history.

People with existing debts who need extra cash can have a difficult time getting a loan approved. A bad credit history due to CCJs will prevent a source of cash from normal lending organisations or banks. Many not be accepted for a loan or will have to wait. So if you need a fast, no hassle payday cash loan & been refused a loan before apply now online or by telephone.

You can unlock the cash value in your car whilst you stay on the road. V5 Loans provide logbook loans to many with CCJs, bad credit or other existing loans. If you want a loan, apply for a log book loan from V5 Loans today.

V5 can offer you a loan if you purchased your car on finance and have now paid the amount owed or you are close to finishing paying. Additional money can be lent to buy a car, go on holiday, consolidate your debts or simply to make ends meet. We offer loans, not at incredibly low rates, as the people who borrow have been refused a loan elsewhere. The loan will depend on the value of your car.

V5 Loans provide customers with a service whereby they can receive their money in 24 hours. It is the perfect solution to access to quick and easy cash. We offer a service whereby if you settle your loan early, you will receive an interest rebate. The interest being relevant to how quickly you can settle your loan.

Refused a Loan

Trust V5 Loans to provide you with bad credit loans via one of its logbook loans. V5 Loans offers our logbook loans for people with bad credit. If you want a loan and have been refused a loan by other companies, we offer loans to people who have been refused a loan because other companies may think you may not be considered to be a good investment. V5 Loans offer log book loans to people with CCJs against them, a bad credit rating or even existing debts.

Glossary

If you are not sure about terms such as CCJs, credit checks, or credit history – then this Glossary is designed to help you understand the language we speak at V5 Loans!

CCJ

CCJ. County Court Judgment. A CCJ is issued when a creditor wins a County Court Claim saying you owe them money. The CCJ is issued to indicate that you must repay the debt – either for the amount agreed by you and the creditor or, if you can’t agree, a payment set by the court.

CCJ records

You must pay the full amount of your CCJ within one month otherwise your CCJ will be recorded on the Register of County Court Judgements for six years. This impacts on your credit report since organisations such as banks, building societies and loan companies use the registered information that appears on your report when deciding whether to give you credit or loans, including a mortgage.

Credit checks

Credit checks are performed by banks, building societies, loan companies and credit card companies to decide if you are a good or bad credit risk. If you have a CCJ, are in arrears or have defaulted on payments, they may decide to refuse a loan. However, there is no credit check performed by V5 Loans because your log book loan is secured on the value of your car.

Credit history

If you have CCJs, defaults or arrears – these will make up your credit history. In other words, your credit history gives loan companies an idea of how well you manage your finances when it comes to making loan or credit repayments. A bad credit history may mean you are turned down for loans because you appear to be a bad credit risk. People who have never applied for loans or credit before are said to have ‘no credit history’. They may also be turned down for loans or credit because it is impossible for financial companies to judge whether they will be a good or bad credit risk.

At V5 Loans we do not ask to see your credit history to arrange log book loans. That’s why our no credit check loans are ideal for those who have CCJs, defaults, arrears or no credit history.

Secured loan

Because V5 Loans offer you a secured loan we can afford to overlook CCJs, arrears or defaults. A secured loan is one that uses an asset as security for the loan. In the case of V5 Loans your car is used as security against the amount you borrow.