sppsnrsh
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Log Book Loans took my car....
sppsnrsh replied to hedgehog0045's topic in Log Book Loans / Bills of Sale
Hope anyone can help, took a loan out with LBL, nearly finished the loan , they have put extra charges on me for late payments £12 for a phone call £12 for a letter which i think is over the top, i have recently become unemployed i have tried explaining this to them but they still want me paying £30 a week , is there anything i can do with these charges because they are building up to £600, i origanally borrowed £1200 and i payed a total back of £2500 thanks in advance -
Is this the same log book loans aka Nine regions ltd? If so i took out a loan of £1200.00 and had to pay back £2539,00 which is more than double the loan amount and is robbery. I have now finished paying the loan back however the company want £603.00 for phone calls and letters for so called arrears. I have just recieved a notice of termination saying if i dont pay the arrears they are coming to take my car. Just wanted some advice to help me out? Is what they are doing legal?
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