Welcome to V5 Cash
Your most trusted and most reliable source of V5 loans! If you came here looking for a loan after countless rejections from various lenders, you've finally found the right place! Here at V5 Cash, we will help you secure the loan you need even if you have bad credit. To get started, simply complete our easy to accomplish online form for FREE, or visit JustLogbookLoan.
What are V5 loans?
V5 loan is a type of short term, secured loan, which is more popularly known as a logbook loan. This type of loan is made famous for not having credit checks, and is a widely used borrowing option for people with bad credit or those who are self-employed.
With V5 or logbook loans, the borrower signs the bill of sale and submits the logbook to the lender, thereby legally transferring the ownership to the logbook loan company until the loan (as well as any interests) is paid back in full. This gives the V5 lender the right to repossess the vehicle in case the borrower defaults. The good thing about a V5 loan is that the debtor can continue driving the vehicle, as long as repayments are consistently made on time.
Who Needs a V5 Loan?
Anyone in dire need of cash, but couldn’t secure a loan elsewhere because of bad credit can benefit from a V5 loan. Because of the absence of credit checks, there’s no need to worry about having negative records in your credit file. No matter if you’ve had arrears, court judgments, and even bankruptcy, you can still get accepted for a V5 loan.
You’d also want a V5 logbook loan if you need the cash urgently. Not only does the absence of credit checks make it easy to qualify, but it makes the process extremely fast. Here at V5 Cash, the funds are released to you in less than 24 hours of application. The process is mostly done online, which is why everything is done quickly and conveniently.
Lastly, a logbook loan is ideal if you need to borrow a larger amount of cash. Unlike other funding options out there for individuals with bad credit, V5 companies can lend you a generous amount, depending on your vehicle’s worth. This can be used in more costly purchases and bigger expenses that you might encounter.