Logbook Loans
Find out if the lender was right to rev up the rates.
Handing over ownership of your vehicle in exchange for cash can seem like a fair deal. But you could end up paying back double the value of your car. We investigate if you got the short end of the stick.
If we’re unable to get a successful claim, you don’t have to pay us a penny.
Sign once and we can check ALL unaffordable lending claims.
If required, we can obtain copies of all your paperwork for you.
What is it?
Logbook loans see the lender take ownership of the borrower’s vehicle until the loan is paid back. The borrower can continue using the vehicle as if it’s their own, but will have to hand it over if they fail to keep up with repayments.
The APR on logbook loans is often high in comparison to other products.
There might be extra charges on early repayment.
Lenders want quick repayment so that the asset doesn’t lose too much value.
Offered to people who might have a poor credit history.
Eligibility
If you know that you’ve taken out a logbook loan, it’s also worth seeing if you have a valid claim for compensation. But if any of the following rings true, you stand a greater chance of being successful.
We put in all the hard work so you don’t have to. All we need to start taking back your slice of money is a few details.
Average claim pay-out
Feefo reviews
Satisfied customers
Reclaims experience
Further products
You won’t know until you’ve tried. With nothing to lose, it’s always worth finding out. All we need are a few simple details.