Even though logbook loans have been around for many years, the number of actual logbook lenders (when compared to other financial products) is still extremely small. In fact, the logbook loan market is tiny in comparison to other financial products, and very few customers actually know what a logbook loan is.

Logbook loans are primarily for customers who have experienced or are experiencing financial difficulty, as the majority of people with a poor credit history cannot generally obtain credit with ease elsewhere, if at all.

You can find out more about logbook loans here.

Loans for those in financial difficulty

A poor credit history is built up when a customer:

  • Misses or is late making payments
  • Builds up large debts
  • Defaults on loans
  • Gets a County Court Judgement (CCJ) for an unpaid bill

Most high street lenders therefore consider lending to these customers as ‘high risk’ and will refuse.

Gissaloan™ specialises in lending to customers with a poor credit rating. However, in order to mitigate the risk of customers defaulting on these loans, they are secured against the customer’s car and interest rates are set higher than those of high street banks.

If you’ve got bad credit, we want to give you a route out of your financial difficulties, so take a moment to learn how.


What are the risks of logbook loans?

As with any secured loan product, if a customer defaults on a logbook loan, the lender can take full ownership of the car used to secure it. This can then be sold in order to pay off the loan balance along with the interest and charges.

And, if the value of the car is less than the total of the balance, interest and charges, then the customer will still be liable to pay the outstanding amount (which will still be subject to further interest rates and charges if they were unable to pay).

Visit our frequently asked questions page for a more in-depth look at possible risks.


What is it that other logbook lenders do that can create problems?

Unfortunately, some logbook lenders agree to provide loans to customers without properly checking that they will be able to pay them back without difficulty. The interest rates of these lenders are often extremely high, and structured so that customers can’t afford them.

These tactics practically guarantees these lenders will be able to repossess their customer’s car while continuing to demand further payments and are the reason that many logbook lenders have developed a poor reputation.

For more information on how this happened, read our recent blog post.

What is it that Gissaloan™ do that makes them different?

Gissaloan™ believe that there are two types of potential customers who visit our website:

calculator-image-101) Customers who do not know what a logbook loan is, and who have stumbled across the site not knowing how logbook loans work.

 2) Customers who have searched for logbook loans knowing what they are.

 As we do not know which type of customer is visiting our site, we believe it’s our duty to present all potential customers with as much information as possible, prior to any initial application being made. We made this decision in the light of the February 2015 Final Report by the Competition and Markets Authority (CMA) regarding the payday loan industry (although this is a different loan product).

In addition to this, we strongly believe that it is also our responsibility to present any customer searching the internet for a logbook loan with the ability to compare other logbook loan products that are available so that they are able to choose the best product to suit their needs, even if this customer has visited Gissaloan™ directly.

Also, we will only lend to customers we are confident can afford their repayments, and offer fixed-rate weekly or monthly repayments to make budgeting easier.

fair money logoThat is why we display the FairMoney™ Approved Lender logo, which, if clicked on, takes the customer to the FairMoney™ loans comparison website, where they can view other logbook loan products and access other loan alternatives.


If a Gissaloan™ logbook loan sounds like it could help you, take a look at our products page to find out which would best suit your needs.

All loans granted subject to affordability. Proof of income will be required. All Loans are secured against your vehicle, which may be repossessed if you do not make payments. Late or missed payments will incur additional charges, please see contract terms and conditions.


A Bill of Sale gives us security over the car. This means that until you have paid your loan we are technically the legal owner of your car. However you can still drive it and once you have paid off your loan the ownership goes back to you.


Warning: Late repayment can cause you serious money problems. For help, go to


"Gissaloan” and “Gissacar” are trading names of Car Loan Originations Limited, which lends money on Customers’ existing cars (Gissaloan) and also finances the purchase of Customers’ new cars (Gissacar). All loan and related documentation, and other correspondence for both types of loans will be in the name of “Gissacar".

Gissaloan is authorised and regulated by the Financial Conduct Authority (FCA) under registration number 688840

Registered Office: Regina House, 124 Finchley Road, London NW3 5JS