log book loans (BAD LOANS)

[jfuk06]

I would like to thank everyone for there support and those who have answered me back personally.

I am in such a bad spot right now and all i can do right now it delay what i know will happen in the end.

What, i hear you ask........The seizure of my car.

My loans was £3000, now a year later after not being able to keep up my payments, the agreement has now been terminated and if i want to keep my car, i have to come up with £8.610.80.

I am not pleased i am going to contact them and see what and if i can arrange anything.

wish me luck i need it

[klassykitty]

I havent read your posts but i know exactly what you are going through as i had the same problem with a company called mobile money, i really feel for you as i was at my wits end, you can view my threads here:

http://www.consumeractiongroup.co.uk/forum/general-debt/104878-loan-secured-against-my.html

 

http://www.consumeractiongroup.co.uk/forum/general-debt/108660-how-can-i-stop.html

 

Good luck!

[klassykitty]

Also forgot to mention, the bailiff who assaulted my husband has got away with it, as to date the police havent contacted us...

[Ell-enn]

I havent read your posts but i know exactly what you are going through as i had the same problem with a company called mobile money, i really feel for you as i was at my wits end, you can view my threads here:

http://www.consumeractiongroup.co.uk/forum/general-debt/104878-loan-secured-against-my.html

 

http://www.consumeractiongroup.co.uk/forum/general-debt/108660-how-can-i-stop.html

 

Good luck!

 

Just read the posts you linked to - OMG you must have been through hell.....How did this end up? did you get a result with your police action?

 

Kind Regards

Ell-enn

[Ell-enn]

sorry - must have been typing my post when you replied - can't believe he's got away with it!!!!

[klassykitty]

I am annoyed that he has but really i just want to put it behind me, i have learnt from my mistakes, and wont do anything like that again.

[Ell-enn]

Hi there, I'm glad you've got such a positive attitude after all you've been through. It must have been a very worrying time but I can see you got some wonderful advice and support from this site - unfortunately, until something like this happens to you, you've no idea how many other people there are in the same situation. Nobody's perfect and we all make mistakes, but like you, we learn from them.

I sincerely wish you well for the future, I hope everything works out for you.

 

Kind Regards

El-enn

If you feel I have been helpful please feel free to tip my scales

[klassykitty]

Just looked at mobile money website, the company which i used and their APR is 285% variable, i borrowed £600 and paid back £1100 in 6 months..... outrageous

[djgordyp]

Is that a typing error or is it really 285%. And variable usually means it will be higher.

[klassykitty]

Im afraid so, it really is 285% and variable............

[caprikid]

Im afraid so, it really is 285% and variable............

 

I had a loan with them and the APR was 375% . silly me I WONT TAKE OUT A LOAN AGAIN WITHOUT KNOWING WHAT THE apr IS .

[Fleeced73]

Another wee nail.....

 

Logbook Sharks Seize Carol's Car - The Sunday Mail

[Fleeced73]

 

 

[Fleeced73]

 

 

 

[Consumerised]

Hi all, sorry to hear about your problems. The people that operate these companies are just common thugs or loan sharks.

 

Your agreement/contract is called a 'bill of sale'. Basically you have agreed to let them have your car if you fail to pay. The interest rates are horrific. This is not like your standard consumer credit/HP agreement. It is not regulated by the FSA/OFT etc.

 

I suggest you guys call consumer direct on 08454 04 05 06.

 

They may be able to get you local trading standards office to check your paperwork. But I can tell you there is a 99% that these scumbags have got you over a barrel.

 

Hope you guys get things sorted.

 

Consumerised.

[Fleeced73]

In actual fact there's a 99% chance these 'bills of sale' are, in fact, not legal. The only 'barrel' LBL have people over is the barrel of finding a decent solicitor, something LBL can't actually manage to do themselves as no decent firm will represent these unethical clowns. If you are in the position of needing such a professional to assist may I suggest you simply ask/pm, as help (and, mods, as a normal 'punter' I mean HELP not advertise or tout for business) can be found, the unfortunate fact is whilst most 'high street' solicitors may well be capable of taking these people on, they are unlikely a) to have the know-how and expertise to do it properly, and b) cannot offer the possibility of legal aid.

Of course, LBL are only too aware of this when operating their day-to-day business & gleefully exposing the gaping wound that exists between criminal & civil law.

And I speak as someone who has been there, done that & got the t-shirt.....

 

 

Hi all, sorry to hear about your problems. The people that operate these companies are just common thugs or loan sharks.

 

Your agreement/contract is called a 'bill of sale'. Basically you have agreed to let them have your car if you fail to pay. The interest rates are horrific. This is not like your standard consumer credit/HP agreement. It is not regulated by the FSA/OFT etc.

 

I suggest you guys call consumer direct on 08454 04 05 06.

 

They may be able to get you local trading standards office to check your paperwork. But I can tell you there is a 99% that these scumbags have got you over a barrel.

 

Hope you guys get things sorted.

 

Consumerised.

[djgordyp]

I'm not trying to excuse what these ***** are doing but, the interest rate is clearly marked on their website. I wouldn't touch anything over 25% let alone 343%. But I suppose if you're desperate enough you don't think on that until it's too late. This sounds like the sort of thing you read in gangster novels. Let's hope they are put out of business soon. they shouldn't be allowed to run even a sweet shop.

[Consumerised]

Hi, they way to get this scumbags is to make sure you have everything in writing. All agreements/payment plans etc. Now I can imagine these scumbags are quite intimidating. If more people make a complaint to Trading Standards then there is a very good chance that they can investigate the trading practices these scums operate.

 

 

Fleece was write about the gap between civil and criminal. These scums dont give **** about anyone except themselves.