log book loans (BAD LOANS)

jfuk06 · 10th November 2007, 10:06

I would like to thank everyone for there support and those who have answered me back personally.
I am in such a bad spot right now and all i can do right now it delay what i know will happen in the end.
What, i hear you ask........The seizure of my car.
My loans was £3000, now a year later after not being able to keep up my payments, the agreement has now been terminated and if i want to keep my car, i have to come up with £8.610.80.
I am not pleased i am going to contact them and see what and if i can arrange anything.
wish me luck i need it

klassykitty · 10th November 2007, 12:31

I havent read your posts but i know exactly what you are going through as i had the same problem with a company called mobile money, i really feel for you as i was at my wits end, you can view my threads here:
http://www.consumeractiongroup.co.uk...gainst-my.html

http://www.consumeractiongroup.co.uk...an-i-stop.html

Good luck!

klassykitty · 10th November 2007, 12:41

Also forgot to mention, the bailiff who assaulted my husband has got away with it, as to date the police havent contacted us...

Ell-enn · 10th November 2007, 12:44

Quote:

Originally Posted by klassykitty

I havent read your posts but i know exactly what you are going through as i had the same problem with a company called mobile money, i really feel for you as i was at my wits end, you can view my threads here:
http://www.consumeractiongroup.co.uk...gainst-my.html

http://www.consumeractiongroup.co.uk...an-i-stop.html

Good luck!

Just read the posts you linked to - OMG you must have been through hell.....How did this end up? did you get a result with your police action?

Kind Regards
Ell-enn

Ell-enn · 10th November 2007, 12:45

sorry - must have been typing my post when you replied - can't believe he's got away with it!!!!

klassykitty · 10th November 2007, 13:15

I am annoyed that he has but really i just want to put it behind me, i have learnt from my mistakes, and wont do anything like that again.

Ell-enn · 10th November 2007, 13:46

Hi there, I'm glad you've got such a positive attitude after all you've been through. It must have been a very worrying time but I can see you got some wonderful advice and support from this site - unfortunately, until something like this happens to you, you've no idea how many other people there are in the same situation. Nobody's perfect and we all make mistakes, but like you, we learn from them.
I sincerely wish you well for the future, I hope everything works out for you.

Kind Regards
El-enn
If you feel I have been helpful please feel free to tip my scales

Fleeced73 · 11th November 2007, 13:03

Oh Dear, and more LIES from Gemini as an added bonus...

The Logbook Loans Scandal - Consumer Problems - Law & Consumer Advice - Lifestyle - The Sunday Mail

klassykitty · 12th November 2007, 14:22

Just looked at mobile money website, the company which i used and their APR is 285% variable, i borrowed £600 and paid back £1100 in 6 months..... outrageous

djgordyp · 12th November 2007, 14:43

Is that a typing error or is it really 285%. And variable usually means it will be higher.

klassykitty · 12th November 2007, 14:55

Im afraid so, it really is 285% and variable............:evil :

caprikid · 17th November 2007, 13:43

Quote:

Originally Posted by klassykitty

Im afraid so, it really is 285% and variable............:evil :

I had a loan with them and the APR was 375% . silly me I WONT TAKE OUT A LOAN AGAIN WITHOUT KNOWING WHAT THE apr IS .

Fleeced73 · 18th November 2007, 10:26

Another wee nail.....

Logbook Sharks Seize Carol's Car - The Sunday Mail

busyma · 18th November 2007, 21:16

i think more people should tell the papers.

busyma · 20th November 2007, 15:34

we had a loan with these and fell into arrears. lbl said we could sell
the car providing the buyer sent the money direct to them.
we obtained a new logbook from dvla and sold the car private. the new
owner has now come back at us saying lbl has repossessed the car from
him and saying that he knew nothing about the hpi and saying that he
wants us to pay him for the money he lost on the car stating the sale of
goods act1979. i have been told that he cannot touch us as it is his word
against ours that he knew about the hpi. he claiming he paid them and
saying he gave us money. this bloke is harassing me and i am now
getting worried about it. please advise

JonCris · 20th November 2007, 15:52

If he's a private citizen & not a dealer then his complaint is with LBL as they took his car unlawfully. no matter what they might claim.

Did he pay the outstanding finance or did he pay you. If you he could sue you for his money. but he can't claim to have paid both.

My only thought is that LBL have added late payment charges (of which you knew nothing) to the outstanding debt & have used these as an excuse to snatch the car. This is a common 'tactic' of LBL I'm afraid

There is court action being taken against this company by a number of former customers

The Sunday Mail article is ongoing also perhaps you should contact BBC Watchdog

Fleeced73 · 20th November 2007, 17:36

Fleeced73 · 20th November 2007, 17:39

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