Logbook loans have lost their final appeal they are officiallly gone

[Nicky Bodmin]

Hi,

 

I dont have any info only what is on this thread. All this is getting confusing with CC Collections who Im now dealing with.

[MARTIN3030]

Hi Guys,

In respect of calls for action,it might be an idea for someone to start an e petition which we could feature in our e petitions forum with a link to relevant forums.

There is nothing stopping anyone also writing to their MPs which can be done online quite speedily.

We could also create a thread for anyone interested in that,which would enable people to see which CAG members had done this,and report back on any replies.

[sleepingdog]

Hi all, As been mentioned by other posters before the only way to put these people out of business is to stop using their services.

So how do they get business ?, I have seen adverts in pay loan shops. Does anyone on this site know how they get business ? and also as a rough percentage how much business is generated from payday loan shops.

If they get a lot of business from say adverts in local papers I wonder how the papers would respond to lots of direct complaints about them.

If they get a lot of business from payday loan companies ,then maybe a protest outside some of the shops handing out litriture detailing the way they operate might persued the owner not to allow them to advertise in his shop.

I know my local CAB were both aware of how LBL operated as well as disgusted at how they were allowed to operate so maybe they would allow a carefully drawn up letter to be on show at their offices which may be seen by persons in financial crisis ( the ones who are more likely to use LBLs service) .

This site has many members so if we all put our heads together I am sure that we could defeat these type of companies.

sleepingdog

[Nicky Bodmin]

Hi Martin,

 

I have just filled in an e petitions through the government website. It will take 7 days to process.

I have listed it below

Can it be put up as a sticky to LBL threads because until now I was not aware of these petitions and I would like it to be the first thread seen by all new CAGGS. We need a hundred thousand on it before it goes to parliament.

Can you please advise4 of any other forums I can link this to. We need signatures and lots of them.

 

Abolish Bills of Sale used in logbook lending

 

Office of the Leader of the House of Commons

 

Abolish the use of Bills of Sales in Log book lending.

This type of lending is used for people with bad credit ratings.

There are a number of companies operating on the basis of loans secured on property, for example cars. These loans are often provided for relatively small amounts of money, with very high rates of APR (often, over 100, and cases of APR’s over 200% are not uncommon).

 

All though the legislation governing the BOS is very strict companies like Logbook Loan disregard the legislation and the consumer credit act and bully their clients with any force needed to remove the cars.

 

The Office of Fair Trading can remove a company licence. This company and assets are then sold to another company with the same disregard to legislation.

It is a multi million pound industry that needs to be brought back under control.

 

.Government legislation is failing the protect the consumer against this type of lending.

[tommy26]

great news about the horrible log book loans,to late for me though as they pesterted me so much i sold my lovely car and paid them off...

well done guys............

[steuts1]

Can they take the car from a private driveway ?? I took out a lbl and as they are no longer trading (well not under that name anyway) it is apprantley now owned by The Hermes Property Services, who I know are running from the same offices,with the same people, who answer for which ever of the 2 companies they feel like depending on what time of day you call. At xmas I asked for a settlement figure and was told it would be £500 now it has gone to £1800 go figure that one.. Car is only worth about £400 and needs so much doing to it as well. Dont really know what to do anymore with this lot.. they seem to have me over a barrel really, no car, no work, no money..

[Nicky Bodmin]

Hi Site Team and Caggs,

 

My e- petition has been published. Follow the link below

 

http://epetitions.direct.gov.uk/petitions/32065.

 

Site Team can this be put as a sticky to be signed when anyone looking for info on LBL will see this.

 

Please dont hide it in the e petition section because until Site told me about this I didn't know it was on site.

It needs to be right at the start of info relating to this type of lending.

 

We need a hundred thousand signatures and only 12 months to get them.

 

I will be putting the petition on as many sites like this one as I can find. So any suggestions of sites to post on welcome

 

BUMP

[Nicky Bodmin]

Hi Site team,

 

I was think in about setting up a facebook account with this on.

 

Can you please help me with this.

[caro]

If you start a new thread with the information and a link Nicky, I'll make it a sticky and ask for a link in the next newsletter.

 

You could also put a link to it in your signature so it will appear in many of your posts.

 

Petition signed by the way.

[Nicky Bodmin]

Hi Caro,

 

Thanks. How do I put my link in my signature.

 

Im looking at putting up a facebook account for this any advice welcome.

[Nicky Bodmin]

Caro,

 

Do I post a New thread or thread starter

[Nicky Bodmin]

Hi Caro,

 

I have put up new threat but the headline wont go in capital letters can it be changes and put in another colour to make it stand out more

[sillygirl1]

Just signed petition - I am against loansharking in any shape or form - never had a car and never used this lot.

 

Hope my signature helps.

[Nicky Bodmin]

Hi Sillygirl,

 

Yes every signature will help and if you can get friends family to sign to.

To many people have had their lifes destroyed from this type of lending. Any ideas of other sites I can post the link would be very helpful.

[caro]

Hi Caro,

 

Thanks. How do I put my link in my signature.

 

Im looking at putting up a facebook account for this any advice welcome.

 

Go into User CP and you can edit your signature there, including adding links.

 

Title of new thread capitalised and newsletter editors have been asked to provide a link in the newsletter.

[Hip_Hop]

Whilst your intentions are clearly admirable Nicky, I couldn't help but notice that your anonymity has been compromised for a handful of signatures in your petition?

Edited April 6, 2012 by Hip_Hop

[seekeroftruthandjustice]

OFT Approves Logbook Loans

Approved by OFT, new licence approved by OFT , nice new friendly (??) US backed licence will be in place as from 1st July 2012, same premises, same staff, same modus operandi, same toothless regulator, same outcome. OFT Useless

[applecart]

OFT Approves Logbook Loans

Approved by OFT, new licence approved by OFT , nice new friendly (??) US backed licence will be in place as from 1st July 2012, same premises, same staff, same modus operandi, same toothless regulator, same outcome. OFT Useless

 

I beg to differ with your comment with regard to the OFT - they are not and have not been 'useless' - Nine Regions Ltd t/as Logbook Loans has duly gone into receivership - That was what the initial fight was all about. Granted this was not a fight about the industry as a whole, just the way in which they conducted themselves in applying the Law that governs the Bills of Sale.

 

Consumers now have evidence as provided in the final decisions from the Appeal hearings that they can include in their claim bundles (a luxury that many who have gone before did not have) - This evidence if presented in the right way is dynamite.

 

I understand that ' Logbookloans.co.uk is now under the new ownership of Hermes Property Services Limited' (quote taken from BBC news report).

 

But, we knew that Nine Regions were banned from any activity in the market and that they would have to side with or be 'taken over' by a third party in order to collect in all the monies on outstanding agreements and of course with it being such a lucrative business... it is not surprising that a third party was quick to snap up the opportunity....

 

A consumers rights are not affected, a consumer still has every right to defend against illegal practices, illegally drafted consumer agreements and Bills of Sale not duly registered etc etcl.

 

The company in continue to trade albeit under a different trading name will still be liable to prosecution...

 

I see a range of 'litigations friends' being called for in the market.....anyone for a change of career???? Looks like you could be very busy moving forward......

 

Apple

[applecart]

Whilst your intentions are clearly admirable Nicky, I couldn't help but notice that your anonymity has been compromised for a handful of signatures in your petition?

 

Do you know what Hip Hop... I haven't looked at this forum for ages as you know, and here Nicky is, still championing the cause ........we have to give a big hands...... she has remained true to this cause and soldiers on... I think all support and guidance should be afforded to her as and wherever we can... Consumers have a lot to Thank her for : )

 

Apple

[Guest]

hi i had to pay 3000 for a loan that wasnt mine because of a car i bought in good faith ,why should i pay for somebody else ,they seized the car because the police told me to give it to them and i would have my day at court bull>>>>t it was going to be auctioned if i didnt pay so i had to fork out 3000

can somebody advice me what i can do

 

hussain, start your separate thread in the logbook sub forum re your case.

Edited December 18, 2012 by Ford

[citizenB]

I will move hussain's post to a thread of its own and send a link.

 

Link to hussain's new thread.

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?376306-Paying-for-a-log-book-loan-that-isnt-mine

[caro]

Now the case is over I'm closing the thread.