Log Book Loans took my car....

[JonCris]

Applecart I agree with your intentions. However & I'm afraid it's a big 'however' I fundamentally disagree with the remark that some may not warrant such protection........... they do. There is no difference between a won't payer & a can't payer being bullied unlawfully & threatened by these cretins.

 

The moment it's decided, by you, me or anyone, there's a law for one but not the other will the day that anarchy will start to take hold

[applecart]

Hi Jon

 

Totally agree...the law is there to protect us all - but I was speaking purely from the point of view that it must be accepted that there are those in society who truly have no intention of repaying loans - and it is also fair in a debate to consider both sides of a story ... i.e the experience of the lender facing a situation where he cannot secure any return on his investment.....there will be instances where the debtor has no reason for obsconding on his duty to repay a loan.....

 

I hope this explains my point more clearly - notwithstanding that the law is there to protect us all - but is not to be taken for granted - there are normally always another parties interests to be taken into account.

 

: )

[applecart]

Also many are concerned about the Bill of Sales' being registered 'out of time' the argument here is - why did it take lbl rep so long to get to a solicitor to swear the document? - he would have to prove that every solicitor of oaths across the land was closed from the date the Agreement was entered into until it was registered (date stamp) at the HIgh Court of Justice..: )

[JonCris]

Also many are concerned about the Bill of Sales' being registered 'out of time' the argument here is - why did it take lbl rep so long to get to a solicitor to swear the document? - he would have to prove that every solicitor of oaths across the land was closed from the date the Agreement was entered into until it was registered (date stamp) at the HIgh Court of Justice..: )

 

I think we ALL know the answer to that one......don't we;-)

[JonCris]

It occurs to me to ask why would the salesman go all the way to Wimbledon to swear an affidavit when they lived & conducted business in say Newcastle or indeed anywhere else other than Wimbledon:confused:

 

Knowing Wimbledon as I do I doubt there are many clients of LBL there:D

[applecart]

Hi Jon

 

Could it be that their reputation is beginning to proceed them amongst most commissioners of oath?

 

You imagine....., you are a company involved in the business of credit - and you are minded that your licence is being considered for 'revocation' and you want a 'reputable' solicitor to risk his/her reputation for a Free service? or for a Fee that would never cover the cost of a hard earned reputation - I wouldn't, would you?

 

Must be something wrong, hey?

[Fleeced73]

The 'professional' of which we are referring to has moved his office a few miles south now, Great Bookham to be precise

[applecart]

Hi Jon

 

Really?... they can run, but they can't hide..... A quick email to the Law Society would help ensure that wherever he goes - he will be more than well received, i'm sure.

 

Imagine the day when all who have agreements with them decide to protest and not one of them pays them for an entire month....or two.or three or more???

 

or

 

No solicitor in the land will stake their reputation by swearing an oath for a LBL Agreement....?

 

Would that be yet another company hit by the people crunch - whoops sorry..... I meant credit crunch?

 

Just a thought?

[bartonsmith]

hi i bought a van 5 months ago. i now hold the v5 documents ect. came home on wednesday to find the van gone. there was a note through the door saying it has been reposesed. i called them up to find out whats going apprently the previous owner had a log book loan out on it and has dissaperd. what advice can anyone give me?

thanks

[wearecarless]

You are in the same postition as us, you will also find you have no legal right to the car. We can give you phone number for our contact at the daily mirror who ran our story in march. Read the thread are you a third party victim by wearecarless.

[sppsnrsh]

Hope anyone can help, took a loan out with LBL, nearly finished the loan , they have put extra charges on me for late payments £12 for a phone call £12 for a letter which i think is over the top, i have recently become unemployed i have tried explaining this to them but they still want me paying £30 a week , is there anything i can do with these charges because they are building up to £600, i origanally borrowed £1200 and i payed a total back of £2500 thanks in advance

[IS IT ME?]

some ones watching you ha

Edited December 13, 2009 by IS IT ME?

[jfuk06]

Hi

I had my car taken by LBL in April..I had parked my car where i thought it was safe at work, when i came back my car was gone. So after checking the spot where i had parked it and the notices around it, i decided to go to the nearest police station to report its theft. After a short while the officer informed me that LBL had got my car and had left a number to call.

I had taken advice and had lawyers on the case, but the thing is once LBL have your car in most cases there is not much you can do. From what i understand there was supposed to be a test case going on, but it keeps getting put back...quite frankly it will be a long drawn out contest..while thousaunds of people are losing their cars...This company shoud have never been allowed to get away with this kind of dealing, and the law should be changed!!!

[seekeroftruthandjustice]

I agree it's shocking, had you paid loads and still lost the motor?

 

I hope Redknapp has a LBL on his limo, maybe he won't be able to get back to London from Poole next week

 

Wolves totally outplayed us and had the greater desire from the first minute

[jfuk06]

I had paid quite a lot of money...and realised it would have been impossible to get it back as they were asking for around £8000, they have since snet me a letter saying they sold it and i owed them £3500..lol

[ims]

Hi All new to site, but wth current dealings with LBL and being connected with finance and its law, i found the following which may be relevant:

 

Log Book Loans

 

 

Investigation: Log Book Loans Contract identifier: UTCCRContract-1 Country of complaint: United Kingdom Country of origin: United Kingdom Trading sector group: Wandsworth Trading Standards Department Trading Sector: xxxxxxx Financial//Mortgages and secured credit --Financial//Mortgages and secured credit Action taken by: OFT Local Authority: Wandsworth Trading Standards Department Legislation used: Community Infringements Specified UK Laws//Unfair Contract Terms 1999 Regulation considered: Unfair Contract Term Notes: Notes

 

Original term Application of regulations/Enforcer view How changed New term Pre Contract Information, Charges: "If you are late in paying an instalment, then...you will pay us, if we so require, interest from when it was due until when it is paid at the rate of the APR"1(e) Penalty clause (financial) :

1(e) The term set the interest rate for late payments at the APR, so that it included not only the contractual interest rate but also a further amount in respect of the commitment fee. This was a potentially unfair penalty, particularly since Section 93 of the Consumer Credit Act provides that interest payable in default cannot be higher than the contractual interest rate.

Revised so that interest for late payments will be charged at the contractual rate.Pre Contract Information, ChargesBill of Sale, Term 2Unfair Contract Term :

Reg 5 Term required consumer to keep the vehicle insured for a specified amount. OFT considered that this would place an unreasonable obligation on the Buyer if the specified amount was excessive or even impossible to achieve.

Reference to amount of insurance cover deleted from term.Term 2Bill of Sale, Term 7Unfair Contract Term :

Reg 5 Term provided that if the Borrower defaulted on payments or breached his obligations, the Lender, its servants or agents could seize and take possession of the vehicle from any premises. OFT was concerned by the wide right of entry provided by this term, whereby the lender could trespass onto the land of third parties in order to seize the vehicle.

Revised so that where the vehicle is not at the Borrower's property or a public place, the Lender will use reasonable and proportionate measures to seize and take possession of it.Term 7Bill of Sale, Term 8Unfair Contract Term :

Reg 5 Term provided that if the Lender was entitled to seize the vehicle, the Lender or his agents could enter and remain on any premises where the vehicle happened to be and break open doors and windows in order to seize the vehicle. OFT was concerned by the wide right of entry provided by this term, whereby the lender could trespass and damage the property of third parties in order to seize the vehicle. Term provided that where the vehicle had been seized, the Lender could sell the vehicle after 5 days. OFT was concerned that the term did not provide advance warning to the Borrower before the vehicle was sold, in order that he may have the opportunity to rectify matters before the sale takes place.

Revised so that where the vehicle is at any property not owned by the Borrower, the Lender will use reasonable and proportionate measures to seize and take possession of it. Revised to include reference to the fact that a Default Notice is sent to the Borrower before the vehicle is seized, giving him a set period of time to remedy the breachTerm 8Bill of Sale, Term 101(e) Penalty clause (financial) :

1(e) Term provided that the costs, charges, payments and expenses that the Lender incurred in selling the car would be deducted from the sale proceeds.

Revised so that only reasonable costs, charges, payments and expenses would be deducted.Term 10

Outcome reached: Undertaking obtained with no admission Date effective: 23 February 2006 Received from: Outcome text:

Other Information

 

OFT urged the company to ensure that all its franchisees quote the APR accurately in their Pre Contract Information and Consumer Credit Agreements.

 

Direct from oft.......

 

Also before any person can immobilise or remove your car they do now have to be SIA registered failure could result in the person visiting your home being prosecuted.

 

Don't know if this helps anyone else but i hope it does.

[pethead1974]

i have a logbook loan and have fell behind and when i told them i would be willing to pay my weekly payments again they told me i would have to phone another company so i did and they said i would have to pay over 1300 pounds or the car would be lifted clearly i dont have 1300 but car is still in my name so i was thinking if i put private plate on my car could they still uplift it? can any 1 help????:-?

[ims]

pethead, if you put a private plate on your car you would be at risk of loosing that also, before you do you must inform any party that has a financial interest in your car that should any problem occurs and the vehicle for whatever reason is removed, then the private plate remains the property of yourself and will be returned to you, currently if your car is repo'd with a private plate it can be sold with the car. After looking into the contracts of log book loans, you must apply to the court in london to check if they have registered the bill of sale that you would have signed, if it isnt registered then hp finance rules apply where if you have paid atleast a third of your agreement they need a court order to repo, just a note tho ANY PERSON WISHING TO REPOSSES OR IMMOBILISE A VEHICLE MUST BE SIA REGISTERED. (not all bailiffs or agents are, so check if the repo team turn up, if not call the police) if you want more info let me have your email address. regards

[pethead1974]

my email address is edited the idea was if the repo man comes if i changed reg and never told logbook the repo man would not know my car was the 1 they want as they looking for the reg they have on record or i considerd selling car far from here as i have v5 logbook and cant find any hpi on my car. all help will be greatfully accepted thanks.

ps who do i need to contact in london do u have address and phone number?

Edited January 23, 2010 by ScarletPimpernel
Remove personal detail

[pethead1974]

13 Chattels not to be removed or sold

All personal chattels seized or of which possession is taken . . . . . . F1, under or by virtue of any bill of sale (whether registered before or after the commencement of this Act), shall remain on the premises where they were so seized or so taken possession of, and shall not be removed or sold until after the expiration of five clear days from the day they were so seized or so taken possession of.

Annotations:

 

Amendments (Textual)

 

F1Words repealed by Statute Law Revision Act 1898 (c. 22)

[joe1471]

Your Quote About The Sia Is Wrong. Ive Been In The Industry For Over 10 Years Done My Sia Course. Definately By Law The Person Who Is Putting The Clamp On The Vehicle Must Be Licenced. Unless Your Employed For Example By Log Book Direct Then and Clamper Must Have The Security Industy Authority Badge

[joe1471]

The Sia Have A Good Website Were It Tells You If Individuals Or Companies Are Banned Please Check It Out. It Might Not Seem Much But Everything Helps.

[iwantitall]

Checked sia site, only applies for monetary reward, ie payment to remove clamp, LBL recovery people are not doing that they are waiting for recovery truck to arrive.. They are not charging for release of the clamp they are only collecting the debt (or taking the car)

[xavia66]

Hi Folks

 

In regards to my complaint against Logbook Loans i have had several discussions and also studying to be a solicitor i came across baliffs and also made up phone calls and also people who did not want to listen so i went to the Cab who were ok but told me what i knew already and in the end if went to the Financial Obudsman who where very helpful they have a lot on at the moment but kept me informed on the progress of my call. I have now come to an amicable solution with the Obudsman and also Logbook and now awaiting my logbook. Please note @ - Keep a spreadsheet of all payments and conversations and also the Bill Of Sale and contact the Financial Obudsman asap.

[carla fox]

Hi Everyone, pls get yourself a copy of " THE BILL OF SALE ACT 1882" I have just found out that my bill of sale is invalid, meaning i still have a debt but they have no right to take my car. There are many things that can make the bill of sale invalid. check that they have registered it within 7 days at The High Court, The Strand. the bill of sale should be stamped, ask log book loans for a copy of this. Also when you signed the bill of sale was there a third party present who witnessed it and signed it as a witness? If only you signed it and the guy that gave you the loan it is invalid. The Bill Of Sale Act states that a bill of sale will be void if it fails to include any of the following information: one of them is ;Attestation by a witness not party to the bill.meaning witnessed by a third party who has nothing to do with LogBook Loans. call Trading Standards or citizens Advice and write to them outlining that this is not valid. If thay try to take your car you can get them done for theft....