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For people who are looking to get their hands on cash in a quick space of time, some of the more well known pay day lenders can end up causing a number of issues. They are known for offering deals on loans that come with an extortionately high rate of interest, and have come under fire in the press and public particularly in the last few weeks and months for their unethical business practice, that has played a part in many people spiralling further and further into deep, unmanageable debt. People who do not want to have these kinds of worries adding to the financial problems they are already faced with may feel like they have run out of options and have nowhere else to turn. There is, in fact, a solution for many of them, however. Auto Money run their business as a responsible and viable solution for the many people who require quick, same day cash loans, and are more than happy to deal with people with a chequered credit history. Using a person’s car as collateral or security in much the same way as a person’s house is used as security in a secured loan, Auto Money’s process gives clients the opportunity to have the cash in their pocket in as little as 15 minutes. Auto Money’s process is open to anybody who is the owner of a car, preferably less than 10 years old, although the company are willing to sort out lending programmes for older cars, as well as vans and other commercial vehicles. As long as the car owner can provide the necessary documents – the logbook in their name, proof of income, a recent utility bill and some form of ID including a photograph – they can make the application online and get their process underway. The same day cash loans offered by Auto Money usually come at a monthly interest rate of 20 per cent. To put that in simple terms, if a person was to borrow £100, they would pay a £20 fee each month until the repayment was complete. The repayment side of things is somewhere else where Auto Money go above and beyond to help their clients. If someone is having trouble keeping up with the repayment schedule, providing they get in touch with the company and provide evidence of their attempts to make the repayments, Auto Money will be happy to sort out the situation as helpfully as possible to ensure all parties are kept happy. The UK based company, who have stores all over the North of England and the Midlands, also do not charge their clients any extra fee for early repayment of the loan, as some of their competitors have been known to do. For all of these reasons and many more, Auto Money could prove to be the perfect solution for those who have negative credit history and have nowhere else to turn. If you think a car log book loan with Auto Money might be the right thing for you, you can visit their website and apply online at http://www.auto-money.co.uk/, or call them on 08000 28 27 26. This article takes a closer look at Auto Money, a more user friendly company in the world of same day cash loans. The company operate by using clients’ cars as collateral against their loans, and are happy to work with those who may have poor credit history.
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