Reclaiming Money From Logbookloans

[dipobrazil]

hello

i was just wandering if there is anything i could do about this,about three years ago , my wife took a log book loan , the interest was rediculous ,

the loan was about 2.5 k but the interest was outrageous .......she paid for a couple of montsh but when she could not keepup they took tthe car ...the car was worth 7k and the outstanding was about 2k including the outrageous interest.......LBL obvoiusly sold the 7k car and sent a debt collection agency to start asking for more money of my wife.....she tried paying some and later couldnot.....she wrote the LBL a letter telling them that she knew that the car was worth 7k and so there was no reason why they should be asking for more moneyand infact she ought to receive a balance check from them from the sale of the car........

now coming across this form and i was wandering if there is anyway i could fight back and get her some money back or something.....please can you help ...with the appropriate letter templates or advice etc.....thanks

[Fleeced73]

All outrageous claims such as these (and this applies to ANYONE ELSE!) must be defended vigourously, if not you may find a default judgement has been made!! Unfortunately, ignoring it and hope it will all go away is not the thing to do. you must understand there is no way a UK court would endorse these underhand scandalous muggers!

The situation at the minute with LBL is thus: they are fighting a Consumer Credit license revocation made by the OFT and are looking to maximise their revenue whilst this is ongoing. What this means in real terms is LBL directors Iain Shearer & Barry Pilgrim are working closely with their solicitor to spank all the defaulters, all the victims (I think they're officially called "customers"!) as there is a real chance if the appeal against the revocation fails they will then be forced out of business (ie will just start up again calling themselves something else). So, whilst they're still officially in business, they will be "maximising their income" - and this means screwing people who they perceive as being unable/unwilling to fight back.

 

Here folks, meet the one-man-band who is working so closely with LBL

Clive Wismayer

[dipobrazil]

i dont quite understand what i should do from the responce......what direction of action should i take to fight it.

[Fleeced73]

Consult a solicitor - preferably Stephensons 01942 774562

[dipobrazil]

hi guys i read about the Log bog drama with interest....does any one know the current state of the company as at today ...are they still trading?...cos if they are i need some advice from you guys....in 2006 i took a loan from them ....paid for a while and could not meet up.....the interest spiralled and the total debt was about £4k.Now the car which was the collateral was an 02 reg car at the time ..with 55k mileage and about 4years old which i bought for £7700 just about 3 months to the date.

 

The car was repossessed by log book and obviously sold by log book ...but i feel they sold it for more that the £4,000 debt...cos looking at the value of cars at that time the car was definetly worth about £6500.....infact i just checked on online to buy the same car with higher mileage of 100k and it is still being priced at £3000.....so i think definitetly log book loans got some chnage after the sales and pocketed it .....what do you advice i do ......i think these guys must have pocketed my £2500 for the past 4years ....please help anyone

Edited February 9, 2010 by dipobrazil

[MARTIN3030]

You need to start your own thread.

I will move it.

[Pacman2]

request a statutory information disclosure under the data protection act specifially mention the cars selling price as well - it will cost you a tenner but they have to provide all details they hold on you the cars sales figure should be included

[ukdeveloper]

They WILL however once the SID has been requested, change the information they hold on you prior to sending it to you.

 

Do vehicles reposessed for non payment of debt not have to be sold at public auction? If so you may request the details of the auction house and SID them too to make sure the records tally.

 

More likely though they will have sold the car to one of their drug dealing mates for a £20 quid fix, who then sold it BACK to one of their employees on the quiet who then sells it on for a fortune and splits the difference with the muppets in the office.. win win for the employees. Lines the pockets once again for the **** that are lbl or any of their dupe companies.

 

UKD.

[ppcoleman]

All outrageous claims such as these (and this applies to ANYONE ELSE!) must be defended vigourously, if not you may find a default judgement has been made!! Unfortunately, ignoring it and hope it will all go away is not the thing to do. you must understand there is no way a UK court would endorse these underhand scandalous muggers!

The situation at the minute with LBL is thus: they are fighting a Consumer Credit license revocation made by the OFT and are looking to maximise their revenue whilst this is ongoing. What this means in real terms is LBL directors Iain Shearer & Barry Pilgrim are working closely with their solicitor to spank all the defaulters, all the victims (I think they're officially called "customers"!) as there is a real chance if the appeal against the revocation fails they will then be forced out of business (ie will just start up again calling themselves something else). So, whilst they're still officially in business, they will be "maximising their income" - and this means screwing people who they perceive as being unable/unwilling to fight back.

 

 

 

Here folks, meet the one-man-band who is working so closely with LBL

QUOTE]

 

Came across this solicitor a few years ago. He faked some evidence and altered other evidence. Completely dishonest. Should be struck off. ACC.

[ppcoleman]

All outrageous claims such as these (and this applies to ANYONE ELSE!) must be defended vigourously, if not you may find a default judgement has been made!! Unfortunately, ignoring it and hope it will all go away is not the thing to do. you must understand there is no way a UK court would endorse these underhand scandalous muggers!

The situation at the minute with LBL is thus: they are fighting a Consumer Credit license revocation made by the OFT and are looking to maximise their revenue whilst this is ongoing. What this means in real terms is LBL directors Iain Shearer & Barry Pilgrim are working closely with their solicitor to spank all the defaulters, all the victims (I think they're officially called "customers"!) as there is a real chance if the appeal against the revocation fails they will then be forced out of business (ie will just start up again calling themselves something else). So, whilst they're still officially in business, they will be "maximising their income" - and this means screwing people who they perceive as being unable/unwilling to fight back.

 

Here folks, meet the one-man-band who is working so closely with LBL

Clive WismayerQUOTE]

 

Came across him a few years ago.Cnanged evidence and used altered and fake evidence. Should be struck off.

[ppcoleman]

All outrageous claims such as these (and this applies to ANYONE ELSE!) must be defended vigourously, if not you may find a default judgement has been made!! Unfortunately, ignoring it and hope it will all go away is not the thing to do. you must understand there is no way a UK court would endorse these underhand scandalous muggers!

The situation at the minute with LBL is thus: they are fighting a Consumer Credit license revocation made by the OFT and are looking to maximise their revenue whilst this is ongoing. What this means in real terms is LBL directors Iain Shearer & Barry Pilgrim are working closely with their solicitor to spank all the defaulters, all the victims (I think they're officially called "customers"!) as there is a real chance if the appeal against the revocation fails they will then be forced out of business (ie will just start up again calling themselves something else). So, whilst they're still officially in business, they will be "maximising their income" - and this means screwing people who they perceive as being unable/unwilling to fight back.

 

 

 

Here folks, meet the one-man-band who is working so closely with LBL

QUOTE]

 

Came across this solicitor a few years ago. He faked some evidence and altered other evidence. Completely dishonest. Should be struck off. ACC.

 

So did I. He got away with changing evidence, introducing fake evidence, removing evidence etc etc. Unfortunately the Judge was equally incompetent.