Getting out from the vicious cycle of debt is always very difficult. I understand that it is much stressed time; when you don’t have money and people are not ready to extend the repayment time. I suffered form the same scenario back in 2013. My issue was based on sympathy, which dragged us in to loan for no reason.
In the college days, we used to have group of 4 people in the university and all of them were very close. John was migrated from Wales and came to England for study purpose. He forcefully joined our group, which we later accepted. He started to make himself famous and recognized amongst our class fellows. As a matter of fact all of us were trusting him like anyone else. That was the passing year of your college and most of us already got the job as well. One day, John called to tell that his father had an accident; so he was in dire need of 10,000 £. We all got worried and decided to lend him money, which we collected from all of our sources to give him on one month’s commitment. He told us that he is in Wales, so we should send him money via bank transfer. Next day we called him to check if he has received the money and his father status; but his phone was off.
We all got worried when after a week, his number was not accessible. The worst part was we didn’t have his landline number or even the home address. We tried to approach the college so that we can trace him. As we all were worried about him; we tried every mean to reach him. Two weeks passed away and now the lenders started calling us. All of us become worried about the situation. We got to know that John has run away with all the money, as he changes his home and the mobile number as well. We didn’t have option other than getting a loan from the bank.
Upon calling bank, none of us got a loan as of poor credit history and the unstable income status as well. Other than me, none of us was working from last 6 months. We all tried to find some alternative source and then found logloan.co.uk. It worked as a miracle for us. I used to have car as well, and against that car I took the loan. Although I took the risk but it paid off and was my best decision ever. In a day time we got the loan and we returned all the money to lenders and then started to pay the amount. We managed to pay all amount in 12 months times and finally because of logbook loan I got back the ownership of my car. I am thankful to the logbook loan for saving all of us from embarrassment. This made the bond of our friendship stronger; as all of us contributed to pay it off, the same was the trust about logbook loan.