Jump to content


  • Tweets

  • Posts

    • Hello, on 9th of July 2018 I was issued a CCJ for 326£ for a non payment into my Natwest account - 6 month earlier I moved abroad and despite my better knowledge my direct debit with the phone company wasn't properly closed and the Natwest account went into arrears for that amount. As soon as I found out of that matter on 20th October 2018 I settled the amount in full with Moorcroft (the debt recovery agency instructed by Natwest to recover the amount).   When I returned to the UK I was shocked that my credit score was completely depleted - despited an otherwise good record - and that for the following 5 years I won't pretty much be able to access credit and other common financial products regardless of the fact the debt has been paid in full (and despite a stable high salary etc.).   When I contacted Moorcroft in January this year they said they can't do anything about it and the record will stay as is. They said the best they could do was to send me a letter (attached) that I can use as a confirmation that the CCJ was now settled. I was pretty sad and frustrated and shocked that a 300£ debt could put me into such distress (I literally cannot even get a monthly mobile phone plan) and despite having settled it I would carry such consequences for the next 5 years... so I archived the letter and tried to forget about it.   I recently checked my credit report and it states that the CCJ status is still active.   I would like to ask:  - is it really not possible to adjust the CCJ status ?  - are there any actions I can take to mitigate my situation ? - shouldn't at least Moorcroft have sent a more comprehensive letter stating that the CCJ was settled (instead of a generic 'payment received' with no indication of what and why) ?     Note: when I tried to contact Natwest in October 2018 they bounced mee across several departments but ultimately no-one could/would want to help as the account was permanently closed and passed onto debt recovery and they couldn't find much information about my records (apart from saying it's closed and Im no longer a customer of the bank and won't ever be able to be one again).   Thanks, V
    • I hope we can keep this thread for a discussion of SDs. If it descends into a slanging match then there probably isn't much point in having it.   HB
    • phew, just got an email from scmreferrals@justice.gov.uk.    I was worried that because the N180 was 5 days late, they would reject it.    There is still an new default on my credit file for the original amount + court costs. Surely Lowell shouldn't have submitted this yet?  
    • The solicitors have acknowledged my CPR request but have yet to provide anything, no response to my CCA request yet.   I would like to get a defence in before the end of this week, can anyone help me put together a defence?   Thanks
    • There were express terms of repayment of the capital plus interest over 60 monthly instalments.  However, you are saying the Default has no effect, so that when charged-off the interest did not have to be rescheduled?   P.S. It may be irrelevant, I don't know, but I can’t see an acceleration clause in the CCA allowing them  to ‘call in’ the entire amount of interest on the 5 year loan?  Copy of the Ts & Cs from my original CCA attached. Clause 2 (c) refers to interest being charged until settlement, but I’m not sure that is an acceleration clause.   If you have any thoughts on the above they would be greatly appreciated. 20191120102845876.pdf
  • Our picks

Furryfair

Logbook loan Co took my car - no warning

style="text-align:center;"> Please note that this topic has not had any new posts for the last 677 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you

Recommended Posts

Hi please can some advice me on a log book loan they have taken my car no warning and belongings and are demanding keys thesr people are awful to deal with

Share this post


Link to post
Share on other sites

for people to help you they do require a bit more information.

 

you took out a log book loan yes or no

 

then apparently you must of missed a payment yes or no

 

someone else will be able to help you a bit more later

Share this post


Link to post
Share on other sites

Yes took a loan out and yes missed a few payments paid a payment in october

 

i moved address well was no fixed abode for a few months and then they wouldnt help what so ever took car without letting me know

Share this post


Link to post
Share on other sites

Missed a few payments?

 

When did you take out the Loan?

 

How many payments have you missed?

 

How much did you pay in October? (A token amount, a full monthly payment or more?)

Share this post


Link to post
Share on other sites

I take it you didn't notify the log book loan company your change of address, or lack of one.

You missed payments and they will of wrote to you at your last known address.

 

Unfortunately they don't have to let you know after you've defaulted.

They are the legal owners of the car.

The only good thing Is you have 14 days to pay them off before they sell the car, auction costs and recovery costs can be added.

If the vehicle sale does not cover all of this they can come after you for the shortfall.

 

Best advice is either pay them off to get car back or let it go.

 

 

 

Tho is froma quick search on internet for log book loans.

 

Logbook loan repossession

 

If a logbook loan has defaulted, the creditor can repossess your car. They must wait a minimum of five days after the account has defaulted before they can take the vehicle away. They don’t need to take you to court to do this.

 

They’ll usually tow away the vehicle. There are no limits on the time they can do this, so they may arrive late at night or very early in the morning. This is normally done by specialist debt collectors or bailiffs (enforcement agents), and they can use force to repossess the vehicle.

 

Extra charges will usually be added to your debt to cover the costs of removal.

 

After the logbook loan company has taken your vehicle they’ll auction it. If the sale price at auction isn’t enough to cover the whole debt, you’ll have to pay the ‘shortfall’. You can treat this like any other non-priority debt, like credit cards and personal loans, and offer to pay it back in instalments at an amount you can afford.

 

If the sale price of the vehicle is more than the total you owe, the difference must be paid back to you.

Share this post


Link to post
Share on other sites

Did you inform log book loan company of your change/lack of address?

Share this post


Link to post
Share on other sites

No as i was of no fixed abode

 

But my previous address was giving me my mail

Share this post


Link to post
Share on other sites
Also may i add i never received a default notice either

 

Given that you were of no fixed abode, what is more relevant is if they sent the DN to the address they held for you. If they did that and you didn’t receive it because you hadn’t given them an address at which you could have received it, they’ll have met their obligations.

 

But my previous address was giving me my mail

 

My prediction; if you ask them for details of any DN : they’ll note it was sent out to the address they held for you. By all means ask (Just in case they didn’t issue a DN!), but don’t hold your breath.

Share this post


Link to post
Share on other sites
No as i was of no fixed abode

 

 

So you didn't inform them.

Why?

 

Maybe because you didn't want them to find out that their car is now no longer attached to the address they hold for you and your in default.

 

Its of little consequence anyway.

They wrote to you at the last known /given address.

They have fulfilled thir obligations.

Share this post


Link to post
Share on other sites
But my previous address was giving me my mail

 

 

 

Where were they giving you the mail?

Were you living in their car?

You could of put a royal mail redirection in place.

Share this post


Link to post
Share on other sites

Hi i was just sofa surfing until i got back on my feet and i never got a dn from them and i couldnt afford royal mail rederection at the time car was laid up as well

Share this post


Link to post
Share on other sites
Where were they giving you the mail?

Were you living in their car?

You could of put a royal mail redirection in place.

 

Redirect mail to for example Ford fiesta AAA666Y parked on High Street anytown?

 

Come on sgtbush Royal Fail wouldn't accept that, OP was Homeless. But yes if they sent DN to old address they the have fulfilled obligations. Op needs to negotiate to get back personal property in the car if possible before it is sold if cannot afford to pay .

 

If someone is living in the car, or a traveller in a camper/caravan bieng chased for a CTax LO from their home before they were evicted or left it to go travelling then it is usually exempt from bailiff seizure, not sure about Logbook loans though


We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHER

 

Have we helped you ...?         Please Donate button to the Consumer Action Group

 

If you want advice on your thread please PM me a link to your thread

 

The bailiff: A 12th Century solution re-branded as Enforcement Agents for the 21st Century to seize and sell debtors goods as before Oh so Dickensian!

Share this post


Link to post
Share on other sites

They were 3 separate questions!

But I get your point.

 

Unfortunately yes, the lbl have gone thru their obligations and will be selling the vehicle.

 

To the op.

What date was the vehicle removed?

Share this post


Link to post
Share on other sites

Well I'm afraid that's all the time they have to keep it before auction.

How much is the outstanding balance on the loan and how much is the car worth?

 

Remember auctions are very much cheaper place to buy the car so dont rely on retail price.

 

I'm just worried that they will come after you I their is any shortfall.

Share this post


Link to post
Share on other sites

They said 2865 pounds but have put charges on this the is worth around 6000 i still was not given a dn though

Share this post


Link to post
Share on other sites

so where was the car when they repo'd it?

well they didn't a powerless repo firm did.

 

left on the road or a drive unroadworthy ?


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

Share this post


Link to post
Share on other sites

Dx, you need to read up on this, they are not powerless. Extract from a simple tinternet search.

 

Logbook loan repossession

 

If a logbook loan has defaulted, the creditor can repossess your car. They must wait a minimum of five days after the account has defaulted before they can take the vehicle away. They don’t need to take you to court to do this.

 

They’ll usually tow away the vehicle. There are no limits on the time they can do this, so they may arrive late at night or very early in the morning. This is normally done by specialist debt collectors or bailiffs (enforcement agents), and they can use force to repossess the vehicle

 

 

Extract from stepchange charity.

 

 

The last bit is the killer.

 

What make/model/year of car as if you thnk its worth 6k, it wont be anyways near that at auction unfortunately.

Share this post


Link to post
Share on other sites

repo agents are powerless they are not bailiffs and have ZERO legal powers

 

bailiffs don't do LBL repos unless ordered by a court.

 

please stop scaring people and placing false statements on CAG

its getting beyond a joke.


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

Share this post


Link to post
Share on other sites

Its not.

The extrct is from stepchange chariy.

 

Here is the link

https://www.stepchange.org/debt-info/logbook-loan-debt.aspx

 

Please read it or better still, provide a link disputing what I have said.

 

If you think that not knowing the full picture and consequences is "a joke"

I dont sugar coat replys because forewarned is forearmed.

 

What I dont want to happen to the op is the lbl say there I a shortfall and they come after them again

Edited by Andyorch
edited

Share this post


Link to post
Share on other sites

Hi it was outside my sisters house

 

Dx, you need to read up on this, they are not powerless. Extract from a simple tinternet search.

 

Logbook loan repossession

 

If a logbook loan has defaulted, the creditor can repossess your car. They must wait a minimum of five days after the account has defaulted before they can take the vehicle away. They don’t need to take you to court to do this.

 

They’ll usually tow away the vehicle. There are no limits on the time they can do this, so they may arrive late at night or very early in the morning. This is normally done by specialist debt collectors or bailiffs (enforcement agents), and they can use force to repossess the vehicle

 

 

Extract from stepchange charity.

 

 

The last bit is the killer.

 

What make/model/year of car as if you thnk its worth 6k, it wont be anyways near that at auction unfortunately.

 

Honda civic 12 plate 2.2 deisel idtec

Share this post


Link to post
Share on other sites

then you couldn't have prevented the repo if it was on the road and not gated and/or locked away on private land

 

if you want the car back your only option would be a time order and as this is 2 weeks old already you need to be very quick with it


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

Share this post


Link to post
Share on other sites

From a quick search your car I prob worth around what you say.

Bear in mind auction prices are lower than retail but from what you Say you owe to the value at auction of your car I think it should cover it and you wont be chased for a shortfall.

I know that its not the easiest thing to go through but at least your going to come out the other side not owing them money.

Chalk it down to experience, re group and get yourself another car when you can.

Save for it, dont get finance if you can help.it.

 

Also Stay away from log book loans. Changes in legislation are coming but until they do they are no better than loan sharks in my opinion.

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...