FAQ

  • What Is iWorks Loans? - We are a site that aims to help people that currently have bad credit scores obtain a loan. We specialize in giving out logbook loans to customers whose credit scores prevent them from going through the traditional means.
  • What Is A Logbook Loan? - A logbook loan, named for you V5 document (or logbook), is essentially a type of small, short-term bad credit loan in which you use your vehicle to secure a loan.
  • When Would I Get A Logbook Loan? - You would get a logbook loan if you are having trouble getting a traditional loan because of your credit score, and if you don't want to pay very high interest rates on your loan. You would also get a logbook loan if you are the owner of a vehicle with a significant amount of value still on it.
  • Am I Eligible For a Loan? - To be eligible for a loan, you must meet a few basic requirements. First, you must be the legal owner of a qualifying vehicle. Second, you must a legal resident of the UK, and at least 18 years of age. Third, your vehicle must be completely insured. Lastly, you must show proof of an ability to repay the loan (this usually takes the form of a pay stub).
  • What Kind of Car Can I Use? - The type of car that you can use will vary depending on how much you are looking to borrow. Typically we ask that any car be made in the past 8 years, and also be in working condition. Your car also must have enough value remaining on it for you to borrow against it, and you must now owe any payments on the vehicle.
  • What Kind of Credit Score Do I Need? - When you get a logbook loan, your credit score doesn't matter. Even if your score is very low, you can still get the loan that you need through iWorks Loans.
  • How Do I Get Started? - Getting started is simple. Just head on over to the application found on our site and fill in the few quick questions. After that someone from our team will contact you and help you through the rest of the process.
  • How Long Until I Receive My Loan? - Most loans are sent out within 24 hours of being approved.
  • What If I Get Into An Accident? - If you get into an accident, it will be on you to pay for the damages. This is why we ask that all vehicles are insured before accepting the loan application.
  • What If I Can't Meet My Payments? - If you cannot meet your payments, please contact us as soon as possible so that we can work out an alternative solution. Failure to do so may result in the loss of your vehicle.
  • I Have More Questions, Can I Contact You? -  Of course! You can reach us via our Contact page at any time and we will be happy to assist you.