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I have moved my vehicle to a safe place,

 

I bought it in good faith 2 months ago for 3500 form private seller,

 

spent 1000 pounds on repairs already and now LBL have sent agaents to seize.

 

I have attached there BOS that they have provided me, but they are insisting that it holds up and stated categorically that they will continue to seek their "asset" and also threatened me that they will report it stolen and that i will be handling stolen goods.

 

FYI, i bought the vehicle with full V5 present and had no reason to suspect anything like this.

 

Thanks in advance for any help or advice.:mad2::mad2::mad2:

Bill of sale .pdf

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thread tidied.

 

shame you didn't do a full hpi check...

 

its a must nowadays.

 

was the loan with the previous owner you got the car from?

if not was this through a trader or private sale?


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MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

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

 

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Single Premium PPI Q&A Read Here

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Previous previous owner and it was a private sale, so changed hands twice from lbl then me

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You should of done a HPI check.

The vehicle belongs to the log book loan people.

The seller had no right to sell it and the person who you bought it off didn't either.

 

They will get the car back by hook or by crook.

 

You need to sue the person who sold it to you and then that person sues the person who sold it to them.

It happens a lot.

 

If you had done a HPI then if the pi company buggers up with the data then you would of had direct recourse against them.

 

The LBL can and will report it as stolen

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the repo agent has zero legal powers they are only a repo firm not bailiffs

keep it on private land pref behind locked gates, better in a garage.

 

so you've spoken to LBL

what are they going to do about chasing the debtor?

 

might pay you to try and findout who has the outstanding LBL and make contact

SOMETIMES they are willing to sort the debt out which resolves your issue.

 

work with LBL not against them and they will help you


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

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Good shout i didnt consider those points, will feedback an update once i have followed your advice

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Working with the lbl will just end with one question.

Will you settle the outstanding debt to keep the car?

Yes.. Your paying someone's debt off for them

No.. We will report it stolen.

 

Yes dx I right that repo agents have very little powers but if the car is reported stolen, and it technically is, what powers do you think the police have?

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