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Irr Lending - Logbook Loan


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took a log book loan out on my car of 1000 pound

I have been paying it back for the last 17 month 170 a month

I'm on my last payment of 195 and have been struggling to pay this ,

 

originally the lady who let me have the loan said with the bank statements I had given she couldn't find a way to lend me it ,

but somehow she did it

 

can I go for irresponsible lending on this

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Hello OP - Welcome to CAG

 

Yes you can... We have a great guide for you to read to help do a reclaim. These loans are considered High Cost Credit

 

We could do with some help from you.

 

Have we helped you ...?         Please Donate button to the Consumer Action Group

 

**Fko-Filee**

Receptaculum Ignis

 

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were the terms of the loan fully explained and how the repayment schedule and amounts fully laid out so you could see what you would be paying back?

If not then your case is strengthened by their failure to disclose key facts.

It should be all in the paperwork you were given

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Hello OP - Welcome to CAG

 

Yes you can... We have a great guide for you to read to help do a reclaim. These loans are considered High Cost Credit

 

here

https://www.consumeractiongroup.co.uk/forum/showthread.php?482367-CAG-PDL-Reclaim-Guide-Indepth-Step-By-Step

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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