Consumer Action Group envelope labels
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Reclaim the Right Ltd. - reg.05783665 in the UK
reg. office:- 923 Finchley Road
London
NW11 7PE
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| | | | | | | Log Book Loans / Bills of Sale They have also been known as 'Chattel Mortgages', but whatever the name - this is the place to get advice. | Welcome to The Consumer Action Group
and
The Bank Action Group
Before beginning to claim your bank charges be sure to read the FAQ by clicking the link above. Read it carefully and also read as much of the forum material as you can manage before you start claiming your bank charges refund.
You will have to register before you can post or view the materials which may assist you in reclaiming your penalty charges: click the register link above to proceed.
To start viewing messages, select the forum that you want to visit from the selection below. Understand what you are doing and you will be able to Reclaim the Right more effectively.
Why don't you come and introduce yourself in the Welcome section at the top of the forum. Then have a look around the rest of it.
Do not post or start claiming until you have read the entire FAQ section and step by step guides and you have a good basic idea of what to do and of the layout of the forum.
Good luck claiming your bank charges. We strongly suggest that you register under a UserID and not your own name |  | | 
22nd November 2006, 00:43
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#3 (permalink)
| | Basic Account Customer |  Re: log book loans - can i sell the car?
Quote:
Originally Posted by oops!!  hi everyone
i have been reading all your posts on this forum about log book loans for som months now. i have a loan on my car and wondered, can i sell the car to someone i know?
i plan to order a new v5, change the owner details and then 'hide' the car.
where do i stand legally here?
much obliged. | Hiya
Does the person you are selling it to know you have the loan on the car? Do you plan to pay the loan off with money from sale? Are you actually selling it or just changing owner details etc then hiding it? I was in similar situation so if you could let me know i will be able to advise you.
Nellie | 
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22nd November 2006, 20:49
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#4 (permalink)
| | Basic Account Customer | Re: log book loans - can i sell the car?
sounds a bit dodgy to me!!
Last edited by anon2; 22nd November 2006 at 20:52.
Reason: s
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24th November 2006, 22:20
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#7 (permalink)
| | Basic Account Customer | Re: log book loans - can i sell the car?
Quote:
Originally Posted by nellie75 Hiya
Does the person you are selling it to know you have the loan on the car? Do you plan to pay the loan off with money from sale? Are you actually selling it or just changing owner details etc then hiding it? I was in similar situation so if you could let me know i will be able to advise you.
Nellie |
Hi Nellie
Sorry for being so unclear- I intend to change the owner details, and then hide it but tell LBL I have sold it? | |
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25th November 2006, 10:48
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#10 (permalink)
| | Basic Account Customer | Re: log book loans - can i sell the car?
Quote:
Originally Posted by JonCris The finance can only be secured on the car if the agreement is lawful which LBL's are not although they do unlawfully register a charge with HPI, which HPI should NOT allow to happen but then they are not interested in the legalities only the fees they earn. Apart from hp the only other lender who has a legal right to place a charge is a licensed pawn broker | Interesting - thank you. | |
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25th November 2006, 17:59
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#13 (permalink)
| | Classic Account Customer |  Re: log book loans - can i sell the car?
Quote:
Originally Posted by JonCris You could always sell it to someone who lives in the Shankhill. I'd like to see them repossess that! I'd sell tickets | Lol | |
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25th November 2006, 22:19
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#14 (permalink)
| | Site Team | Re: log book loans - can i sell the car?
Quote:
Originally Posted by oops!! Hi Nellie
Sorry for being so unclear- I intend to change the owner details, and then hide it but tell LBL I have sold it? | If I am missing something here -I will apologise but to my mind there clearly appears to be advice being given out which is advocating some quite disturbing actions. This site cannot allow posts to be made that can be seen to be condoning fraudulant or deceptive practices. Can you just start using a little common sense before posting these suggestions. | |
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26th November 2006, 19:08
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#15 (permalink)
| | Basic Account Customer | Re: log book loans - can i sell the car?
Quote:
Originally Posted by MARTIN3030 This site cannot allow posts to be made that can be seen to be condoning fraudulant or deceptive practices. | [edited: Libellous]
Last edited by Bookworm; 27th November 2006 at 00:58.
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26th November 2006, 19:19
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#16 (permalink)
| | Basic Account Customer | Re: log book loans - can i sell the car?
Nobody is advising anyone to do anything, just answering questions posted and passing on knowledge of this company, who are, lets face it, [allegedly] ripping people off, for want of better words!!!
Last edited by Bookworm; 27th November 2006 at 00:59.
Reason: libellous
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