A logbook loan is a common type of secured loan that is designed for those with bad credit who are in need of a financial solution.
This loan offers a convenient method of accessing finance, letting individuals who are looking to borrow money do so by transferring ownership of a car, motorcycle or van that they own to a lender as loan security. They can borrow funds up to the value of the car, with ownership being returned to them once the loan has been paid off in full.