The percentage of people in the United Kingdom who use logbook "LOANS" is more compared to people who use "PAYDAY LOANS" .People use logbook "LOANS" to cover their purchases for any occasion,in addition to covering due and past due monthly bill payments.One may be able to borrow higher amount of funds in logbook compared to "PAYDAY LOANS" ,since the "LOAN" has lower interest rates and remains secured against the vehicle.One can easily apply and get approved for a logbook "LOAN" in less time than "PAYDAY LOANS" .Due to this fact,logbook "LOANS" are a popular option for those looking for a way to get funds without any additional wait.But it is not available for everyone,because applicant need to own a car to qualify where as in the case of "PAYDAY LOANS" ,one can borrow only a maximum of £750 and "LOAN" has to be repaid in full on the next "PAYDAY" .
Some of the reasons most people choose logbook "LOANS" is because of its faster approval and large amount of funds available and one can repay the "LOAN" over a longer term.A website - " http://www.logbookloanstrust.co.uk " which is created by a UK's reputed "LOAN" broker recommends logbook "LOANS" over "PAYDAY LOANS" .