dasholme
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i wish to sell my car and have a log book loan
dasholme replied to MeHA's topic in Log Book Loans / Bills of Sale
This has happened to me! I purchased a car last year, HPI'd it, nothing came back, had the car a few months, then sold on to my friend in February this year - LBL have just been to my friends to seize the car last weekend due to the owner before me taking out a loan on it! which I am very angry about, as we have had to do the honourable thing being friends and foot the bill!!!! I was angry that my friend has paid them, but he and his wife were terrified, they were very threatening! The person who we bought it off who got he LBL on it has naturally moved addresses now!!! You can imagine how I am feeling right now!!!! -
i wish to sell my car and have a log book loan
dasholme replied to MeHA's topic in Log Book Loans / Bills of Sale
This has happened to me! I purchased a car last year, HPI'd it, nothing came back, had the car a few months, then sold on to my friend in February this year - LBL have just been to my friends to seize the car last weekend due to the owner before me taking out a loan on it! which I am very angry about, as we have had to do the honourable thing being friends and foot the bill!!!! I was angry that my friend has paid them, but he and his wife were terrified, they were very threatening! The person who we bought it off who got he LBL on it has naturally moved addresses now!!! You can imagine how I am feeling right now!!!! -
Hi All I hope someone can help/or give advice. I have been stung. I purchased a car in September last year privately for a very good price, did a HPI check at the time and nothing came up. I kept the car for a few months, but then decided to sell on for a smaller car - I sold the car to a friend of mine a few months ago who has since spent around £2k on it and a lot of time and effort getting it up to his standard. This weekend my friend had a van and trailer pull up outside his house using threatening behaviour and demanding the car saying he was from 'log book loans' and that the car was theirs, unless my friend payed up the cash that was outstanding on the loan! which of course he has because his wife and him were terrified of what they would do and now has come onto me for the cash. I felt it only right that because he is my friend, that I have to now pay him back, which I am very angry about having to pay someone else's loan off!!!! I have a copy of the Bill of Sale from my friend today and have read on another thread that we have to ask log book loans for the credit agreement? Not sure with me being sort of a previous owner of the car how I stand, but I'm loathe to let things go. My friend has said that if I want to pursue on his behalf I can. Any suggestions on what I can do bearing in mind he has now paid it to log book loans due to being threatened and terrified at the time. Thank you
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Hi All I hope someone can help/or give advice. I have been stung. I purchased a car in September last year privately for a very good price, did a HPI check at the time and nothing came up. I kept the car for a few months, but then decided to sell on for a smaller car - I sold the car to a friend of mine a few months ago who has since spent around £2k on it and a lot of time and effort getting it up to his standard. This weekend my friend had a van and trailer pull up outside his house using threatening behaviour and demanding the car saying he was from 'log book loans' and that the car was theirs, unless my friend payed up the cash that was outstanding on the loan! which of course he has because his wife and him were terrified of what they would do and now has come onto me for the cash. I felt it only right that because he is my friend, that I have to now pay him back, which I am very angry about having to pay someone else's loan off!!!! I have a copy of the Bill of Sale from my friend today and have read on another thread that we have to ask log book loans for the credit agreement? Not sure with me being sort of a previous owner of the car how I stand, but I'm loathe to let things go. My friend has said that if I want to pursue on his behalf I can. Any suggestions on what I can do bearing in mind he has now paid it to log book loans due to being threatened and terrified at the time. Thank you
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Hi, I have been reading this with interest. I have been stung too. I purchased a car in September last year privately for a very good price, did a HPI check at the time and nothing came up. I kept the car for a few months, but then decided to sell on for a smaller car - I sold the car to a friend of mine a few months ago who has since spent around £2k on it and a lot of time and effort getting it up to his standard. This weekend he had a van and trailer pull up outside his house using threatening behaviour and demanding the car saying he was from 'log book loans' and that the car was theirs, unless my friend payed up the cash that was outstanding on the loan! which of course he has because his wife and him were terrified of what they would do and now has come onto me for the cash. I felt it only right that because he is my friend, that I have to now pay him back, which I am very angry about having to pay someone else's loan off!!!! He has described the Bill of Sale etc as you have posted here. Any suggestions on what I can do? I'm distraught at what to do Thank you
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