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You have exhausted all of the options available to you – you simply cannot find anyone who is willing to give you a short-term loan. It might be that all of the business that they want to do with you is giving you a credit check, and you can't have that, since you have a bad credit history. It might also be that you are not a full-time employee, but you're self-employed, and then it doesn't even matter if your credit record is stainless or not.

To skip this review and go straight to the lender page, click here: V5 Loans review.

Sometimes it may seem that you won't ever get a short-term loan anywhere. But do not lose faith. The solution for you is log book loans. With this type of financing, the loan is secured with your personal vehicle, while you still keep driving it. Only the log book from your car is taken away – thus the name. This type of loan is commonly also available for any kind of vehicle which has a log book of its own.

Now, you might be sold already, and want to take action and apply for a loan. But there are so many businesses available for you to choose from. How do you know who to go with? In that case, we would recommend one particular business in the United Kingdom for you to go ahead with. This lender is known by the name V5 Loans, and they are a reputable business.

Yes, they've only been operating since the year 2008, but they have established themselves well and you are in secure hands.

These are the terms and restrictions of V5 Loans that you need to be aware of. The loan amount can range from anywhere between £500 and £20,000, so even individuals with extended finance needs are serviced. The APR (annual percentage rate) is 439% – but this does not mean the flat rate of interest. The APR is not calculated in a straightforward manner, so sometimes you can pay as little as £1107 for borrowing £1000.

You need to be the legal owner of the car, and the car must not be older than 8 years (with one exception – it can be 10 years old if it's valued at £1200 or more).

V5 Loans is a good choice to go with for a logbook loan, and we are happy to recommend them. Use this moment to take a look here: V5 Loans Review or here: Log book loans UK.

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