The service will offer more branches than any other lender across the UK with 33 now open and more planned to open within the next year or so.
Giles Coutts commented on the new service "I would like to think what ILD has achieved in the payday loan market by offering the lowest rate online, Logbook Direct can do the same with what is percieved to be a very stuffy market"
Customers can visit a http://www.logbookloans.com branch or online simply fill in the application form and if succesfull payment can be made within 1 hour of applying.
In recent times logbook loans have recieved bad press because of one or two bad eggs in the industry, however logbook Direct looks to change that perception. I think the average consumer knows the banks wont lend so are looking for alternative options Logbook Loans really is something you can look to as opposed to securing your house, or having to approach a bank, when customer confidence is low with the lack of lending and job security.