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V5 Lenders Reviews [Read Our Expert Opinion]

Jane Wardle

Written by Jane Wardle on

Updated

Overall Rated: 4.4 / 5

Summary

Specialists in logbook loans, V5 Lenders are an ideal choice for an individual looking for an easy and quick loan. Operating as a broker, V5 Lenders can put its customers in contact with the right lender for them and their individual needs. By working with a range of different lenders, they can offer customers the best deal for their circumstances instantly.

V5 Lenders operate an online system which is simple, convenient and hassle-free; the no-obligation online enquiry form takes just 60 seconds to complete. An added benefit is that they will consider all credit scores, including individuals who are in arrears or have a CCJ. They can also provide logbook loans to self-employed residents, businesses and those with vintage or classic cars.

V5 Lenders are providing an ideal solution for those looking for a simple, no-fuss logbook loan. The repayment periods and loan amounts can range hugely, with the representative APR being around 528.3%. Lower rates may be found by shopping around, however, for a quick and simple service, V5 Lenders are a great option.

Trust & Reputation

Rated 4.3/5

V5 Lenders is a trading style of Advantage Leads Limited which is authorised and regulated by the Financial Conduct Authority (FCA), resulting in a business that is proving to follow industry best practices. While they do not openly reveal the names and details of the lenders they work with, V5 Lenders will only work with lenders who are regulated and authorised by the FCA and abide by the CCTA voluntary Code of Practice. Advantage Leads Limited is listed on the data protection register, which means they are fully compliant with all data protection regulations.

Expertise & knowledge

Rated 4.3/5

V5 Lenders are specialists in logbook loans and nothing else. This dedication to one service and product shows that their team is focused and knowledgeable on the subject. By working with a range of logbook loan lenders, their team have access to a large number of finance options to recommend to their clients via their online enquiry service. With their strict requirements for the lenders that they work with, customers can have confidence that V5 Lenders take their operation very seriously and only want to operate using the best practice approaches and work with the leaders in the logbook loan lending industry. The expertise of V5 Lenders largely lies in their adept website which enables customers to receive quotes quickly. Furthermore, their seamless processing means that customers can receive their money on the very same day as submitting their application.

Customer Service

Rated 4.3/5

Due to V5 Lenders’ model of putting their customers directly in touch with their lenders, there is actually little requirement for customers to interact directly with the V5 Lenders team. This is possible because of their comprehensive online resources, including a simple to complete enquiry form and informative website.

They do provide contact details on their website, and welcome suggestions to improve their website and enquiry process. However, they do state that they cannot offer any advice or information on the logbook loans themselves. The V5 Lenders website also features social media links which unfortunately do not connect to company pages at the time of writing.

We are independently reviewed by our verified customers and web users:
Rating: 4.4 / 4.4 with 1 votes

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