Sunday, 6 February 2011
Logbook loans - Your car can earn relief for you
You must be wondering what sort of loan this is? Probably, you are one of the many who do not keep a regular eye on the financial loan market. Logbook loans are relatively new to the financial loan market. It has become one of the very popular loan product despite being the secured loan product since it is not as unsafe as some of the other secured loans such as loan against property, which make you lose your home if you do not keep your financial commitment. But if you default under loan against car then the only thing you can lose is your car. As mentioned earlier, this is a secured loan which is given when you pledge logbook of your car as collateral. Logbook consists of number of documents such as such as VIN number,
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