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Aberdulais

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About Aberdulais

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  1. Me too ! signed statements to OFT after they phoned me today and agreed to act as a witness for OFT at the Appeal hearing.....provided OFT with all paperwork.....still trying to get a criminal action against LBL for theft of car, which may now proceed....
  2. OFT phoned me today. Asked me to make a statement about all my dealings and issues with LBL including mis-selling, no APR advertised in trading place etc. They say that LBL are appealing the revocation of their licence so the OFT in London is now gathering evidence and witnesses to block their appeal....
  3. OFT phoned me today, Thursday 3rd December. They have asked for a statement with regard to all transactions I have had with LBL. Since they finally revoked the credit licence of LBL, they are now gathering as much evidence as possible to take to court to block the appeal by LBL. They have also asked if I would be prepared to be a witness ( which I am ) Armed with this new I urge everyone to get in touch with OFT in LOndon who are handling the LBL appeal and provide as much info as you can to block this company from trading......
  4. I have an action against LBL at the moment who took my car and sold it at auction...you should all be aware that I had an email off these forum pages from someone saying they were a researcher from the BBC, no programme title, just 'BBC' I phoned the mobile number they asked, but from a different number...and guess what, it turned out to be the agent that mis sold me the original LBL deal. Presumably they are trying to find out the details of my legal case against LBL. PS having given Trading Standards copies of all the LBL documentation, they are saying that, in my case, they believe there is a Civil Action against LBL and possibly a Criminal Action with regard to the paperwork and the agent and the sale of the car. Sorry LBL if you are reading this, but it serves you guys right.....
  5. OK, that sounds good, but they are refusing to negotiate or discuss via their formal complaints procedure....any suggestions as to to how to reclaim ?? It's now over £700 in 'fines' since I started paying mortgage again and paying back the arrears at the agreed court order rate, on a monthly basis. They simply keep adding a £100 fine each month regardless.....
  6. Please note that as in my case the OFT and Trading Standards are really keen at the moment to see copies of all paperwork with LBL/Nine Regions Ltd.... My LBL agreement is being chucked out for mis selling of the Loan and misrepresentation of the true APR. (One interest rate on the BoS and a much higher APR on the separate loan agreement, and not a 'typical APR' in sight anywhere....
  7. I did indeed send all of the documentation to the OFT , and while they said they would not get involved in my own case, that they have copied all the information to other depts and people interested in LBL. I also provided all the documents to the Trading Standards Office who dug deep into the method the loan was advertised, how it is sold, if there were any notices about LBL or a typical APR displayed in the Cssh Generator Shop being used, and how the agreements are worded and who signed what....... my guess is that both these organisations are investigating LBL based on their requests for copies of documents and details etc from me..... I guess if we all keep sending in copies to OFT and Trading Standards ( for mis selling of the loan ) we might get somewhere...
  8. Does anyone have any advice about dealing with commercial mortgage company Commercial First ? I ran in to Arrears last year, after several months and a brilliant solicitor from Shelter, I managed to keep the house, and as now back in work, have been paying the mortgage, plus a £60 per month contribution to pay off towards the arrears. However, even those payments have been regularly paid and not missed, the mortgage company insists on charging me a £100 for arrears, being against the balance of arrears still to be paid off, month by month. So even though I paying my mortgage and monthly contribution to the arrears, they are adding a £100 fine and simply increasing my debt. They say it is in the contract and will simply continue. They have managed to add a total of £5,000 to my mortgage debt in the last 18 months through fines and charges, despite my paying the mortgage and court order agreement. Surely this can legally stopped somehow ????
  9. OK so I hear what you say about their paperwork and BOS being watertight, But, the fact is, the BOS that Log Book Loans entered into Court against me has no date, the wording is not the same as the legal requirement, there is no High Court Seal.... etc.. .but they have not actually entered a full document, only the cover page of the BOS with my name on it... what's more interesting to me in my fight with them is: The Interest Rate on their Bill of Sale states simply 84%. This was advised verbally. I could understand that as this does not say 'Typical APR' then it could mean that I would be paying a 'Typical APR' of circa 126%.. However, there is also of course the Credit Agreement, which states an APR of 308.1% which was not explained, nor was I told that it was at a different rate to the Bill of Sale Interest rate. The agent who sold me these, was working as usual out of a cash convertor type of shop. I understand from the CCA that this shop should at the very least, provide information on LBL and the Typical APR.( which most of them Don't) Quite apart from not being advised of the two different APR Rates.... Does this mis selling and mis representation of the true charges and interest rates make for a better line of attack??:-|
  10. Yes, I am also currently fighting LBL. It appears to me that certainly the Bill of Sale that LBL has entered into Court files against me does not have the wording as you have suggested. Nor does it have a 'seal' and the only signatures on the same are that of mine and the LBL agent. Nor is it dated. However, there is one other flaw that I have seen. The Bill of Sale quotes an interest rate of 84%. I have calculated that this might be interpreted as a Typical APR of circa 126%? As per usual, there is also a separate Loan Agreement which has an APR of 308.1% - yeah, three to four times as much. And this was never explained or advised, only the 84% verbally. Had I know that this was a typical APR of 308% then I would have almost certainly walked away. I have lodged a complaint with the OFT and the Standards Trading Office on the basis that; 1) The true costs of the loan were not fully and properly explained. 2) The Bill of Sale would appear to be null and void 3) The agent for LBL was operating out of a shop ( cash convertor) that did not display any signs for LBL, nor display any signs for a Typical APR, as required by the CCA and nor were these fully explained. The same information has been provided by me to the Court. The car in the meantime was seized by LBL from a Garage where it was being repaired prior to my selling and settling the debt. I am treating this as 'theft' Anyone have any advice ? or should I just leave the country now
  11. Having read your note on this, I have also filed a complaint with both the Trading Standards and the OFT. The agent for LBL quoted me 84% verbally. This now appears to be a typical APR of 126%. However, while this interest rate is on the Bill of Sale, the attached Loan Agreement has a Typical APR figure of 308.1%......so 3 or 4 times higher depending upon how you loo at it.... And also pleased to say that the Cash Convertor from which this agent operated had no signs at all for LBL, nor any typical APR rates or any other information. I also note that she signed herself as from Log Book Loans Ltd, which of course does not exist, it's Nine Regions Ltd trading as Log Book Loans... I will let you know if I get any replies....
  12. Is there any update on this Licence being revoked ? I am currently in battle with LBL and its reached Court Stage. Firstly, my car was in a garage for repairs, which should have been carried out by Kia Warranty as it was a relatively new car.I was waiting for a Kia Rep to visit the car and agree the warranty claim. I was then having the car fixed to sell privately which would have cleared all of the loan against the car. However, LBL got there first and removed it and sold it at auction !! -without my knowledge. They maintain they posted me a Default Notice and then a Termination Notice. I maintain they did not, and certainly did not sign for any mail at that time. The car was not in fact registered at the address to which they refer in all documents. I live in Wales and the car had been purchased for cash via my old address in England. ( I did not originally notice this, nor did they) I have an undated document to say that the Bill of Sale was registered in the High Court. The only signatures are that of mine and the LBL agent. But no date. The LBL does also say that is interpreted as being legal 'exclusively in the English Courts'......Surely the court in Aberystwyth, Wales is not an 'exclusively English Court'? The APR of the loan says simply 84% but I take this to mean an APR of approx 125.1% - is this still legal ?
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