Frequently Asked Questions
Here are some common questions people might have about Fusion Loans.
Do you need to have great credit?
No. You do not need to have the best of credit in order to get a logbook loan. You can still get a specialized bad credit loan that will enable you to get a certain amount of cash in exchange for your logbook.
Is eligibility dependent on employment?
Some people have asked if they have to be employed so as to be eligible for a loan. Well, being employed is an added advantage. What’s important is that you are able to prove your steady flow of income. Therefore, you can get a loan even if you run a small business.
How much am I entitled to?
It’s difficult to give the exact amount, because the amount your logbook can fetch you depends on your car model, make and condition. So, before you can get a loan, your vehicle will be assessed and valuate appropriately and you will be informed of the amount you are entitled to before you choose to proceed.
Should you worry about loan repayment?
There is no need to worry about repaying your loan. At Fusion Loans, you can be able to choose a repayment that you are most comfortable with. The interest rates are also quite flexible and you can choose your repayment periods as well.
What if repaying the loan is a problem?
Under normal circumstances, the vehicle would be possessed. However, we shall work with you to help you meet the loan’s demand and enable you to meet your repayment obligations. All we will need is your full disclosure and cooperation.
What are your regulations?
Fusion Loans is perfectly certified to deal with loans and is regulated by the Consumers Credit Act. Therefore, you can be assured of the best offers and world class services with us. Business with us should be highly professional and easy at the same time. Furthermore, the loan application process is short, enabling you to acquire a logbook loan in the quickest time possible.