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Bad Credit Logbook Loans

Do you have a poor credit history and need a logbook loan? may still be able to provide a loan, despite your bad credit.

Bad credit

Treating Every Customer Fairly

With every easy new logbook loan application, the first thing we consider is the value of the vehicle, as this is secured against the loan. This enables us to take a more flexible approach than banks and other credit providers in approving a loan application.

The second (and fundamentally the most important part of the application process) is ensuring your monthly repayments are affordable and manageable in line with your current monthly financial commitments.

We fully appreciate that many customers will have less than perfect credit histories. In many cases, bad credit will present a significant hurdle in obtaining a loan. However, we believe that a poor credit rating need not be a barrier to getting a loan and that a poor credit history can be turned around!

Credit Check

At, we take our commitment to treating our customers fairly and responsible lending very seriously. As part of our application process, we will always undertake a credit check.

What is a Credit Score and Why is it Important?

The check will return a credit score, which is a point-based system made up of the borrower’s financial history. This score is used to tell us if the borrower is eligible for a loan or credit.

The credit score is calculated using a range of information, including:

  • All recent credit and utilities applications made from current or previous addresses
  • All previous debt history, including any County Court Judgements (CCJs)
  • Individual Voluntary Arrangements (IVAs) or bankruptcies.

The credit score also shows how the borrower has maintained repayments on their credit cards, store cards, loans, and mortgage.

Nearly all lenders will use a credit score to approve a loan application, and in many cases, it will affect the cost of credit and the APR (Annual Percentage Rate).

Obtaining credit in the future could be difficult with a poor credit score. Many lenders will consider a poor credit score a higher risk, so it is more likely any future borrowing will come with higher interest rates.

Looking Beyond Your Credit Score

A credit score isn’t the only thing that we look at when reviewing a loan application.

We use different criteria to decide whether to land and to build a profile of the borrower, including:

  • Any history the borrower may have with us
  • The information provided on their credit application
  • Existing credit
  • Current financial commitments
  • Employment status

All these factors give us an indication of the borrower's ability to pay the loan.

Assessing your credit score

The policy of undertaking a soft check to assess the loan application is not designed to discriminate against people who have had bad or poor credit in the past.

Our decision will be based upon results and balanced with future potential for borrower honour commitment.

When we review the report, we will consider CCJ's debt management plans, depending on individual circumstances, case by case. However, if a person shows an Individual Voluntary Arrangement [IVA] bankruptcy, we'll be unable to provide any credit.

A logbook loan could boost your credit score

The policy of undertaking a soft credit check to assess the loan application is not designed to discriminate against people who have had bad or poor credit issues in the past.

It is important to remember that making loan repayments on a new logbook loan on time shows positive credit intent. This can help repair a credit rating, thus making it easier to obtain credit in the future.

We encourage every borrower to take the time to consider if this is right for them and emphasise in every application that the loan will be secured against the vehicle and missing payments could put the car at risk of repossession.

Ready to proceed or got a question?

Enter your vehicle registration for an immediate decision in principle; or

Call us on 0333 577 5000 and speak to one of our expert consultants. We can offer advice on rates, repayments and our terms & conditions

Thank you for your interest in and we look forward to hearing from you very soon.

Representative Example:

If you borrow £1,000 over 36 months at a flat rate of 84% per annum [fixed] with a Representative 204.2% APR you will make 36 monthly payments of £97.98, making a total amount repayable of £3,592.28 including £40.00 document fee and £25.00 Option To Purchase fee. The total charge for credit is £2,660.00. Logbook Loan repayment length from 18 to 60 months. The maximum APR is 389.1%.

Your log book loan is secured against the vehicle, and missing payments could put the car at risk of repossession.

Warning: Late repayment can cause you serious money problems. For help go to