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Desperate LBL and Advice needed.

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Hi All,

 

I have had a very bad Experience with Log Book Loans, and would like to get some advice or some tips on what I can do? ok here it goes..

 

I bought an Audi A3 2.0 (2003) from this Guy in Swindon, he seemed like an ok guy and I really liked the car so I went ahead and purchased the car Registered the Car in my name and everything went smoothly even put my personalized plate on the Car and everything.

 

Now the thing is went I purchased the Car it needed a little work doing to it had been keyed really bad and needed a complete re-spray so the Guy I bought it off took this into consideration and knocked about 1K off the price of the car so I went ahead with the Repair and which cost me £1500 to get done and the Car was finally how I wanted it.

 

Now for the really ugly part.. About 3 weeks after getting the Re-Spray LBL / DG collections turned up without any warning and said they needed to take the car away as it had outstanding finance on the Car, however I had no warning or letters of them informing me that they were planning on collecting it, also not to mention I had owned the car for well over 6 months from purchasing it from the Previous owner and the Previous owner said it had no Finance or anything wrong with the Car (i even have a witness who was with me that can vouch for this) when they turned up in their 4x4 with a trailer attached they produced to me a piece of paper with the amount owing and that’s it. I was not happy and asked them to leave they said they had to collect the car and if I refused to give them the car they would have to smash the windows and drag the Car off my drive!! I was not having any of this. So I contacted the Police and they turned up, the Police at first said that they had no right to collect my Car and could not the debt collection people then argued between them saying that the BOS agreement or something allowed them to collect the vehicle, the Police then said that they were allowed to take it. Now obviously if the Police advise that they are allowed to take the Vehicle I took their word for it.

 

So I Agreed to this and the DG collections took away my vehicle. Now after doing some research they were not allowed to take my vehicle the police were completely wrong, the DG collections did not even have a Printed Copy of the BOS Agreement when collecting the vehicle I feel completed screwed over big time

 

 

Also what about the money I invested into the Car i.e. the £1500 re-spray this added Value to the Car and when they sold it they must of made a profit? as the damage was so bad (i still have receipts / proof of the work done)

 

I have all the paperwork and documents still but the Car has now been sold however I don’t agree with any of this and feel like there must be something I can do to get my money back surely?

 

Also.... After doing some research on the Guy who sold me the Car.

Log Book loans company gave a Loan to someone who has been caught for Multiple Credit Card Fraud and is a complete Criminal Surely they should of done some checks on this guy first to prevent him from even getting finance on the vehicle in the first place!!

 

“Kennedy Brown, who has a history of using stolen credit cards, escaped a jail term for going out in the VW Golf with false plates and stealing from postmen”

 

Check for youself below are websites with Written Proof that the Guy they gave Finance too is a complete Criminal.

 

Wiltshire news, sports, classifieds & more ! Definitive guide to the Wiltshire area - updated - Mailbag thief's car is confiscated by court

 

 

Any help would be Greatly Appreciated as i am Car-less and Pocketless as a result of this Moron and LBL.

 

 

Cheers,

 

Carl.

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Hi. you can do things but its going to cost you. if only you stoped them from taking the car first.

 

 

the main problem you are going to have is Did you do a HPI on the car. most solicitor now will not help if you did not try to protect yourself from the start. lbl or anyother finance dont have to register there interest on HPI checker but if you had done one you would have become an innocent purchaser.

 

 

the only thing you can do is go after the guy that sold you the car. but ou cant get him to pay for the respray.

 

 

also how do you know the car was sold ???

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Hi CCTV,

Thanks for the Quick Reply,

 

Oh how i wish i could turn back time and never of given the Car to them in the first place.. however whats done is done, I foolishly did not do a HPI check i know i have been kicking myself everyday..

 

Damn, but i would be Interested in the different options that i have as i dont mind paying additional money (within reason) in order to get some of the money back.

 

I know the Car was sold because i have spoken to LBL and they informed me that the Car was sold.

 

Carl

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Hi CCTV,

Thanks for the Quick Reply,

 

Oh how i wish i could turn back time and never of given the Car to them in the first place.. however whats done is done, I foolishly did not do a HPI check i know i have been kicking myself everyday..

 

Damn, but i would be Interested in the different options that i have as i dont mind paying additional money (within reason) in order to get some of the money back.

 

I know the Car was sold because i have spoken to LBL and they informed me that the Car was sold.

 

Carl

 

 

what happend to your reg plate. ???

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I managed to Hold LBL off selling the vehicle until i put my number plate on Retention with the DVLA.

 

Carl.

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I managed to Hold LBL off selling the vehicle until i put my number plate on Retention with the DVLA.

 

Carl.

did lbl not give you the option to pay the outstanding finance

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Hi CCTV,

 

Logbook Loans did give me the option to pay off the outstanding finance however because there APR Rate is 437.4 %APR it was something ridiculous

 

Carl.

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