Different Types of Finance

We are Logbook Loan specialists but we also appreciate there are lots of different types of finance available in the market. When a Logbook Loan isn’t suitable for you, it’s easy to fall into the trap of applying for the first type of finance you find.

We look at a few alternative finance solutions and help you work out which type is right for you.

Finance Solutions with Bad Credit

Guarantor Loans

The loan is taken out in your own name and you are responsible for paying it. You simply provide a third party such as a relative or friend who, should you be unable to repay the loan, will step in and pay it in your place.

Car Finance

Car finance refers to the various financial products available which allow someone to acquire a car, these include Car Loans, Hire Purchase and Personal Contract plan.

Payday Loans

Payday loans are short-term loans that are easy to qualify for due to the fact that in most instances all the borrower needs is a job and a bank account. There is no credit check, so for someone with poor or bad credit, payday loans can be a short-term solution.

Door Stop Loans

The process was the “loan man” would come to your house, hence the name doorstep loan, and would evaluate you for a loan. Once the loan was granted, they would give you the cash right there and then, you would make weekly or monthly payments. The loan man would come to collect on the due date.

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