But with poor credit secured loans, you don't need to face this type of hassle.
Many people with bad credit history are forced to apply for high-interest sub-prime loans if they really need financing.
Even those who don't wish to pledge their valuable assets can entail these loans for their requirements.
Well, the value of collateral helps the borrower in judging the loaned amount.
If your credit status are imperfect and you are affected with several bad factors like CCJ, arrears, defaults, bankruptcy, skipped payments, late payments and so on, you can still approve with log book loans.
The pledged asset will work as the security of the loan money.