WDNG News Talk 14.50
Jill On Money
7p - 10p
WDNG Free Coupons

From Banking and Financial Services - Financial Markets

Brought to you by LaMar's Donuts

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

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

What Human Right Destroys So Many Children

While child abuse can be found in nearly every major religion, Rashid mentions a part of the world in which he is especially familiar – the Middle East. In Afghanistan, a 10-year-old girl was recently forced by her much older brother, a local Taliban

A True Story of Perseverance and Hope

In 1986, Cam Tribolet was on his way home from a night of drinking when, at a Ft. Wayne, Indiana, stoplight, three men tried to carjack him. During the assault, Cam was shot three times in the stomach. One bullet ripped through his aorta, another lod

Investigation into school prayer.

Hope each of you are having an awesome day! Many of you remember my interview with Jeremy Ty's of Liberty Institute last Friday on hour two of Pamela's Place concerning the five year old girl in a Florida school reprimanded by a faculty member for pr

Why most leaders fail

Most untrained leaders fail when they try to act like leaders rather than lead.

Sign up for our weekly newsletter.

Our Website Sponsors

Northeast Alabama Regional Medical Center

RMC's mission is to provide advanced health care of the highest quality with compassion and integrity to every patient.Over 185 physicians & most major specialties comprise Regional Medical Center’s medical staff.256-235-5121.www.rmccares.org

Tangible Investment Group

Since 2006 we've been buying your gold and jewelry. Highest Prices Guaranteed, and you can take that to the bank! Located on 5th floor in Wells Fargo Bank Building, Quintard Ave. Anniston. Call us at 256-231-0444.

Batteries Unlimited

Your local source for just about every battery you can imagine. Call us first at 256-238-9005.

Doc's Furniture

Good used furniture,antiques & collectibles. Located on the corner of Hwy 202 & 300 1st Ave. W. (Anniston) Open Mon-Sat 9-5. Call 256-310-8223

Sunny King Ford

We offer new Ford cars, trucks, SUVs and crossovers online at www.sunnykingford.com. Call 256-831-5300.