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Log Book Loan Refund Claims


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Hiya

I took out a couple of log book loans via Cash Converters between 2010 and 2013.

The first was paid in full, the second I have no idea what the status is.

 

I was in financial difficulty at the times of taking out the loan, due to several reason, one being a gambling addiction and an endless cycle of payday loans.

When I took out the second loan against my car, the man who agreed it even commented on how much money i was gambling and said that he really shouldn't approve the loan but that he would for me.

 

The car was repossessed by them and my sister lent me the money to get it back which was around £800, they then said I still owed them another £800 or so.

I'm not sure whether I paid anything towards that, but I moved house, and they were aware of my address change.

 

A few months after I moved up here my car was clamped as I let my tax run out and the car was taken by the DSA and I never got it back.

Log book loans had the V5 and I have no idea what happened with the car after that, whether they took it or it got crushed.

I haven't heard anything from them since 2013.

 

I have since had help for my gambling addiction and have been getting my finances back on track and have seen online that it is possible to make clams back against some of these lenders for unaffordable borrowing.

 

I know it's not their fault I had an addiction but there were no real checks in place when they were lending me money and I think that had they checked properly I wouldn't have been allowed a good 3/4 of the loans I got.

 

I just wondered whether I could arguably make a claim against log books loans given that they may consider I still owe them money?

Realistically they should not have given me the second loan at all, at the time I just needed the money so the fact that he said he give it to me even though he shouldn't was a bonus.

 

I know that him saying that would come to he said she said but he had copies of my bank statements and they must have been file with his office so they could verify it as unaffordable from that surely?

 

Any advice appreciated. Thank you in advance.

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yes you could launch irresponsible lending claims against all of them inc the payday loans.

 

have a read of the guide in the payday loan forum yellow stickies.

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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