Bigbear, Wouldnt these loans have to be signed on a premises with a valid Consumer Credit Licence to make them enforceable. I was signing loans in car parks and in peoples homes on behalf of this company and as you now know i did work for these muppets for a short while a couple of years back. I tried to drop hints when i posted a while back about what customer's could do if they didnt sign their papers on a premises that owned a CCL. Im open for questions if anyone would like any advice. Dont really want to get back at the company but im sick of seeing innocent people being ripped off. Rugmuncher

Hi, ive read all these posts and threads with great interest and want to offer some advice if its any use to you. I drink in the company of a guy who works for LogBook Loans and some of the stuff he tells me is unbelieveable. Anyway he was telling a few of us a while back that the big cheeses at Logbook Loans had an urgent meeting then all of a sudden told all of the people who sign the loans up that they either have to get prior written permission to see the customer at their home address or even in a car park to make the loan legal and binding.The other way was that the customer could only be signed up in a place that had a consumer credit licence like a pawn shop to make the agreement enforceable. Apparentley their lawyer made a big f*ck up by telling the big cheeses they could sign loans anywhere without prior written permission from the customer. In short this guy reckons about 80% of the total loans they have ever signed since they started the business are not enforceable. If you contact the Office of Fair Trading they will take great interest in this. Also bear in mind that if you didnt get your right to cancel form at the time you signed the loan that the loan is also not enforceable also. Thats what information i have come across and if its any help then good luck. Also there is some legislation coming into force April 2008 which benefits borrowers more favourably and stops companies taking peoples cars. All the best.............