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Showing results for tags 'logbook loan'.
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So this is my story: I have taken the logbook loan for £2500 pounds in April 2011. Loan was agreed for the term of 8 months (7 payments of £250 + final payment of £2750) I was paying every single month on time until December as agreed however I wasn't able to make the final payment of £2750 so called the company and asked if I can extend the loan for a couple of months. They said yes, and asked me to carry on with payments of £250 which I did until April 2013 !!!!! they didn't send me the new contract or agreement. So up until April 2013 I have repaid £5750 which is more then the car is worth. In May 2013 I found myself in hard financial situation and stopped making payments. I called the company (logbookloans247) in August and they said that they want to receive the outstanding £2500 and they will release the car. I'm not in position to pay it back at the moment but was wondering if there is anything I can do to lower the amount owed. Please help thank:| you -
Hi everyone I bought a car about two months ago and 5 days ago early in the morning two guys showed up at my door claiming that it has financial obligation to Mobile Money and they have to take it away. They showed me the court order and I had no other choice but to give them the car. I called the mobile Money and they said that the car has logbook loan and if I pay it I can get my car. I called the seller and he said he had done the HPI check and it was clear (I did as well on my iphone and it was all clear). Now I am going to take him to the court and he told me to do it. I dont know what to do, I am desperate for help. I dont think that Mobile Money can repossess a car without any prior correspondence or notice as I could show their letter to the seller and ask for compensation (he says I am lying as the companies send notice letters before any action). I dont know what to do if anyone out there can help me please. should I file a complaint against the seller or Mobile Money? or both? maybe somebody has been through the same problem and can give me some advice. thanks for your help
