Car Cash Point is a direct logbook lender based in London, which offers logbook loans secured against a vehicle costing between £500 and £50,000. The representative APR is 23.7% and repayments can be made either monthly or weekly. To take a loan with Car Cash Point you need to complete an application online or get an over-the-phone quotation. Then you will need to speak to one of their representatives, either in store or at your home, to complete the loan via fast-money-transfer to your account. In return you will need to provide them with documentation, such as your V5 document, which acts as security against the loan. The whole process is relatively quick and simple to complete.
Car Cash Point is authorised and regulated by the Financial Conduct Authority for the conduct of consumer credit. It is a member of the Consumer Credit Trade Association and fully compliant with its Code of Practice. You will need to live in England or Wales to take out a logbook loan, however you can use vehicles such as vans, motorbikes and cars as security against your loan. Searching the web for reviews is pleasantly surprising as they have received an ‘excellent’ rating at Trustpilot.com with 9.4 score out of 10, given by most of their customers.