Logbook Loan Debt FAQs

Logbook loans are a form of credit that is accessible to people with a low credit rating; as long as they own their own car.

If you have taken out a logbook loan, then in effect you have already handed the legal ownership of your car over to the lender. They are agreeing to allow you to continue to use it.

Logbook loans are a way of borrowing money, secured against your car. It is called a logbook loan because you will hand over the V5c registration document for your vehicle (also called the Logbook).