Once we confirm that they are in order, we have to take a look at the car. Other than the logbook, we also consider whether a car has an MOT certificate of roadworthiness. It is also important for us to confirm that you have not taken any loan against the car. In addition, if you bought the car through financing, you should have cleared the loan before we can consider your request for a Liverpool logbook loan. Once we are satisfied, we ask you to fill in the application and sign an approval. We take the opportunity to discuss the repayment options.
It is in our interest for you to repay the loan promptly so that we can be able to do business in future. We therefore work on a repayment schedule that you are comfortable with. In case you are employed, you can instruct the bank to make the deductions to be sent to our account on a monthly basis. To keep the matter between us, we do not involve any third party including your family about the transaction. This is unless you authorize us to. The same case applies if you are employed. We do not talk to your employer or make any inquiries at your workplace because taking a loan is your personal matter.
Once we agree on the repayment schedule and amount, we dispatch the loan money over to your account. Meanwhile you can continue making full and unconditional use of your car. You get to keep the car while we keep its logbook. We stick to the arrangement as you continue making the repayments. Once you make the final instalment, we are happy to return your documents.