Thread: Sad but true LBL

hi this is the first time i have posted on the forum
i have been reading the posts and trying hard to grasp the information i took a lbl out last year break up of marriage desperation anyway all was ok till dec startred suffering with depression had to cease work monthly payments where 39.20 somehow through charges i accrued 240 arrears paying 40.00 per week now cant cope strugglin on my own living on ssp paying mortgage etc went to cab they are too busy didint seem to know anything bout lbl or how to advise was shocked.
i dont want to lose my car its my lifeline at minute cant afford 40.00 per week having letters and txts from lbl reminding me (as if i need reminding every day) of arrears and my default please someone help advise needed not coping this is taking over my life !!!!!

Have you spoken to them (LBL) and explained your situation?

If you get no joy try the National Debt Line they are very helpful, if you are really struggling try CCCS they offer advice and can help to get payments reduced. There are letters you can send to help stop the phone calls. I am sure someone soon will come along with lots more knowledge than I have. I know you feel helpless but you will get loads of help from the people on this forum. I have. DG

i will contact debt line dont know cccs? Have spoken to lbl they are not willing to accept less than 40 pw and have issued default notice. thank you.

CCCS is the Consumer Credit Counselling Service you can find them on the web check out their website. If you ring them they will make an appointment to ring you back at a convenient time and date. It may just be worth your while having a chat with them. In most cases creditors accept their offers. As everyone will tell you what you haven't got they can't have. Please try to cheer up - everyone is here to help and we have all been in the same situation - in debt - and still are. You will get plenty of advice from this forum - the advice is from everyones own experiences. DG

Thank you i have been reading this forum for a couple of weeks only there is such a lot to read its hard to take it all in and not knowing where to start this advice will help me to now move forward i hope and try to resolve this , i have read where they just come sometimes early ie 5 am and take the car is this still happening if so how do i prevent this ? Do lbl accept offers when i have tried to negotiate they just said if i could not afford the payments i should consider letting them take my car i originally had 1300 the settlement is 8000 they said if i pay now they would reduce this to 1900 i cant believe i have been so silly

just trying to get you back onto first page DG

can i sell my car without the log book and then if i get enough pay log book loans the settlement figure of 1900 would that be legal ?

browneydgirl

first
dont panic, we are all aware on log book loans, they are becomming as bad as welcome finance,

ill dig out some threads and post a links for you to know how these muppetts operate,
they can be beaten as they are nothing but legal loan sharks,

back soon

Log Book Loans / Bills of Sale - The Consumer Forums

some reading with this link
get back to your thread with any questions

Thank you will read and see what to do my heads a shed at the minute and retaining the information and acting on it is difficult you can see why im in such a mess !!

Please don't worry we are all in the same boat or were that's why the help from this forum is great because people have been through and are going through exactly the same emotions as you are. Try to keep your chin up. DG

Thank you DG have been reading some more threads from postggj trying to wade through the information have registered with national debt line via email maybe hear something tomorrow and contact lbl again with another offer ?

Please do not sell your car. We had a car took of us because the owner before us took a lbl on it then stopped paying. We lost a lot of money as we have no rights to the car. We now fighting to get money back.

If you sell the car it can be took from the new owner, they don't have a leg to stand on other than taking you to court for fraud.

Have spoken to cccs they have made an appointment for me to speak to one of their counsellors on 28th april who hopefully will be able to help me further with this nightmare thank you for all your advice.

Please keep reading the threads they are very useful. If you get letters etc., anything that you need help with post them on your thread everyone will take a look and help. Only sorry I don't know anything as such on this subject. DG

you can go to your local court and obtain an injunction which will prevent them from being able to take your car....at the same time ask the judge for a time order which will give you more time to pay. Its not difficult but if they arrive at your door they will take ur ar so get the order NOW.

If you knlow someone with an empty garage put it in there when you don't need it. DG

Am thinkin on putting it somewhere and goin to court perhaps to obtain more time and find out if the BOS is ligit

how do i go about going to court do i go to my local court and what do i say or ask ????