Logbook loans the truth

Deadbeat

Cycrow wrote: »

and how can you take someone serious who thinks owning a car is a human right

Jeremy Clarkson has been sniffing brake fluid again.

It's either him or Francis E Dec, Esq.

SammenForLivet2

I don't understand the problem with Logbook loans.
It's a form of finance, that's available to people who may have no other options for financing - as they can't obtain 'Unsecured' credit.
The borrower is clearly tolled that there car is used for collateral - I think it's in the name.
If the borrower does not agree - then they can always cancel/not proceed with the loan agreement.
It's the same thing as a mortgage - if the person can't repay the user, then they will lose their asset (in a mortgage - the house) or in the case of the Logbook loan (the car).

I never had a Logbook loan, and can appreciate that their customer service or service overall may not be the best, but I hope you can appreciate my views.

27col

What a load of complete balderdash. The person who should be assessing affordability is the borrower, who knows better than anyone about his or her financial situation. As someone has already said, stop your nonsensical ranting and get some sleep.

DCFC79

Justdan247 wrote: »

Now the FCA are putting LBL co's under pressure more and more, many of them are refusing people credit....it may not feel good for the person needing money at the time, but I guess it helps them avoid the risk of running up extreme debts

You got somethng against LBL's ?