Car Cash Point Ltd Review

Having been in business since 2010, Car Cash Point Ltd is one of the leading Logbook Loan providers in the UK. Its loan terms range from one year up to five years. The amount that is lent depends on the value of the vehicle. The customer must be able to pay back the loan. The customer can then choose to pay monthly instalments or make weekly repayments. The interest rate on the loan is low and there are no fees for early repayment.

The customer must provide the V5 document as security. The process for applying for a loan at Car Cash Point is fast and easy. Once the customer has approved the application, they will receive a loan within an hour. The loan is then paid out via a quick money transfer to the customers account.

Having an unsecured loan can be a great way to get fast cash, but it can also damage your credit file. If you don't pay off your loan, it can result in your car being seized. To avoid this, you should ensure that you can afford to pay off the loan on time. This is where a logbook loan can be a great option. You can use your vehicle as security and make regular repayments to keep your credit score in good shape.

Car Cash Point provides short term loans that are secured against your vehicle. The rate of interest is low and the company has a reputation for speedy payment. The company offers a switch and save service where you can change your loan for a lower one at any time. You can apply for a loan online or by phone. The company is fully authorised by the Financial Conduct Authority and registered as a consumer credit firm.

The company is also regulated by the Consumer Credit Trade Association. The company is a member of TrustPilot. It has a strong customer review rating and is one of the few Logbook Loan providers to be endorsed by the Advertising Standards Authority. However, the company has been criticised for its lending practices. The company has been accused of lending to people who had debts that exceeded £60,000. The company has also been accused of failing to complete comprehensive checks.

The company has also been criticized for its incentives. The company claims that it will beat any lower price by 10%. These claims have been viewed as disingenuous and can be seen as a ploy for customers. It also has a "best rate guarantee". A representative APR is advertised as being double that of the cheapest offer.