Logbook loan dilemma!

[Shola]

Hi.. I'm hoping someone could help me in this dilemma I'm facing I bought my car (a 2006 Mercedes CLK convertible) from my ex last year May as he lost his job at the time and was going through really bad financial difficulties, ( also his father had died so he had travelled out of the country to sort out the funeral arrangements. ) Now he took out a loan of £3,500 with lbl which was secured against the car and a monthly repayment of £470. I was aware of when he took out the loan, and when I bought the car off him I called lbl and notified them that I have bought the car and have changed the details to my name including the V5 logbook. As usual the caller I spoke to was very, very rude and said he didn't care who the car can belong to and that the loan is secured on the car not the person he was also quick to inform me that my ex was behind in payments and that if a payment of £1,100 or so was made they would pass the case to the repossession department! I wen't from disbelief to mad in 10 seconds because I simply could not believe what I was being told! Not too long after the call (3 weeks later I think) one bright and sunny Sunday morning around 5 a.m. I awoke to the sound of my car alarm (lbl towing my car away).. Now obviously I wasn't thinking straight and got my keys and pressed the lock button from my window and then fell back asleep again.. at 8 a.m. when I had woken up I noticed a letter poking through my door which was from lbl notifying me that my car had been repossessed and that I needed to pay £1,600 for it to be released and the pound its being kept at charges £60 per day!!!! At this point I became frantic (could NOT get hold of my ex ) and had to borrow money from everywhere to get my car back! Lbl casually advised that they could sell the car for £9,000 and then that would be the end of the agreement, but the car is worth £17,000 nearly 18K and there was no way I was gonna lose the car just like that!! Eventually I paid £2,600 to get my car back.. And since then, I have been making payments and now I've gotten to the point where I simply cannot afford the repayments anymore!

 

Is there any way I could solve this problem, maybe take them to court or something?? I'm prepared to do that as this loan was not taken out by me and I'm sure I've paid close to £10,000 since I got the car.. I've read on CAG that lbl are not 100% legitimate or something..? I also read that they fit a tracker device on the car when signing the agreement? I was there with my ex that day and don't remember them doing so, but my car does have a tracker, can they still track it? I've been parking it at my sisters place but can they still find it?

I'm just soo ****ed off at the money I've lost and how its put such a strain on myself and my family..

 

Any advice would be helpful!

Thanks already!