logbook loans - bill of sale

[anon2]

I have done a search and cant find what i am looking for.

Can someone please advise me on how best to check the legalities of my bil of sale, or point me to a relevant thread?

Very much appreciated.

[sequenci]

1st check to see if the bill was registered:

Check registration with the Royal Courts of Justice

The bill of sale must be filed with the court within seven days of execution, the bill will also lapse unless it is re-registered after five years. As registration is complex and cumbersome many lenders do not bother doing it.

· Make a written application (no internet service) with a £5 fee (obviously best if recorded/special/registered delivery)
· Provide the name and address of themselves and the other party
· It is likely that they will receive a response within a couple of days.
· The address is Judgement and Orders Section, Room E15, Royal Courts of Justice, Strand, London, WC2A 2LL

If it is, we can check the validity of the agreement; if you can scan it up and post it on here (removing personal items such as name/address etc) we will be able to take a look for you

[galaxy2135]

Hi
I am totally new to the site, so firstly a big hello to all

Ok, so here's the story. My partner left me, and I had really bad credit so I took out a loan with LBL (silly I know) Anyway, in December 2007 my car was clamped at 5am in the morning by Anglia, luckily for me, my dad paid the £1800 (which I have had to pay back) but now I am struggling again and have received another final demand.
I have also just changed address and informed LBL, who said they will send out my log book so I can amend the details and then I have to send back to them.
The question I now have, is will the original bill of sale be valid as the Logbook details are now different? Does this mean I can sell the car and arrange to pay LBL their money back at a rate that I can afford? The current payments of £90 a week are crippling me.
Any advice greatfully appreciated.
Thanks

[Filthy Monkey]

Hi Galaxy2135, I'd suggest settingup your own thread with this one, rather than asking the question in somebody else's. Somebody will be along soon, I'm sure, who can give you an answer

[picklepot]

Hi, can anyone tell me what happens if I have a log book loan on my £4000 car, Then my car breaksdown costing, say, £2500 to repair & I stop paying the loan?
Will they take my car then cancel the loan?

[Fleeced73]

No they will take the car, sell it on for next to nothing (sometimes at auction, sometimes to their mates to sell on when instructed) and then pursue you for thousands more.
Unless of course you strike the first legal blow!