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What is logbook loan?
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Albert_Smith_2
Posts: 1 Newbie
in Loans
I heard about logbook loan.Please give me more information about this.
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Comments
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They take your car documents (logbook) as security for a loan they provide to you. When you have repaid the loan they give you your logbook back.
If you dont pay them back they take your car off you.0 -
Albert_Smith wrote: »I heard about logbook loan.Please give me more information about this.
If you want to buy a log book (and no other type of book), they will lend you the money.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Weekend spammer?0
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It's an expensive loan for right idiots. Don't touch it.
Go to a credit union.0 -
Best avoided unless you want to be in danger of losing your car. Just check the percentage interest.0
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Albert_Smith wrote: »I heard about logbook loan.Please give me more information about this.
How about you spend 10 seconds using google then come back with any questions you still have. Other people on forums aren't your private research staff.If you don't stand for something, you'll fall for anything0 -
i once sat on a captains log
wouldnt do that again i can tell you:D0
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