Re log book loans

[owenox]

I took a loan back in august 2008 for £1000 secured against my car.I have since swapped my car back in october and now its no longer registered in my name.Log book loans dont have my log book i have it as i said i would hand in my log book but never did but still got the cheque for the money & when i signed the forms they required a bank statement which i never handed in aswell.Where do i stand on this i signed all the forms etc & gave id also it states on my document i must be comprehensively insured but it stated on my insurance documents i was only third party insured sooo surely this is a discrepancy

 

Also regarding DPA

 

If a team leader calls you back after dicussing something on the account with you when you called them previouly and discussed the account information and didnt ask any dpa questions and just asked if she could speak to mr (surname) and then didnt as such go in to detail about the account but identified where she was calling from then discussed my query when i made a call previously,from my understanding this is against DPA isnt it as they should of asked me dpa questions as it could have been my father who also has the same surname as me and they didnt even ask my first name

 

I worked as a branch manager for a finance company so im quite familiar with all the acts

[Fleeced73]

Log Book Loans don't play by the rules in anyway, shape or form. They will swipe your car without actually having a log book - even when possessing the log books they have been known to sell the vehicles on to dubious 'third parties' without any documentation whatsoever. That they didn't adhere to their own protocol is irrelevant, they will gun for the car no matter whose name is on the current V5 & will then (maybe) take action against you.

Whilst they play on their customers being gullible, they know how to deal with those trying to 'get one over' on them - the only way of doing that is hiding the car where it cannot be found and instigating legal proceedings against them.

As far as Data Protection goes, they don't do that!

[scoobydoo123]

Hi

 

I am new on here and am hoping someone can help me. I took out a loan with log book loans in september for £1500, and i had to pay back 54 pounds a week this happened on a thursday, i was told i could pay the first payment the following friday, could friday i recieved a phone call saying that i was late. since then money has been tight due to husband losing 20hrs a week at work and i missed some payments. i then made an agreement with log book (Dec08) to pay them £30 a week untill things picked up. About three weeks later i had someone else ring up asking when i was going to start making full payments has i could not go on paying this reduced rate. anyway to cut a long story short they repossed my car last week the repo men would not give me time to get the stereo out of the car.

 

I have spoke to log book loans and i had to send a fax with a list of what i wanted out of the car, which i did they then asked for a reciept for the stereo.

 

I emailed this after getting it of my brother, he brought it in March 08, and sold it to me October 2008 a month after taking the loan out.

 

Logbook loans will not give me the stereo back because it was brought in march and there is no proof it was not in the car at the time of the loan.

 

This morning i have recieved a notice of default sums totalling £615. 51 for Telephone calls at £12 each time, Overdue letters at £12 each time the cost of the repo man, repossesion and a security alert fee.

 

They have then had the cheak to ask me to send them any keys, mot, service history.

 

I am at the end of my tether and with i had not made the biggest mistake of my life but feel that lbl are taking the p out of me.

[jaxads]

Hi Scooby - sorry to hear that you're having problems with LBL - I know how awful and intimidating they can be

 

You can pm me if you like -

 

how much do you still owe ?

 

Have they sold your car at auction ?

 

Just to give a better idea of what we're up against - best wishes.

[scoobydoo123]

Hi Jaxads

 

They informed me yesterday that the settlement figure is £2783, and they gave me a week to pay it, which of course i cannot and they are aware of that, so my car will be going to auction pretty soon i suppose. I tried speaking to them but they wont listen to anything i say.

 

wont make that mistake again:(

Sorry fgot to say the week ends today

[jaxads]

Hi Scooby - so you only have until the end of today to get payment to them or they will sell the car is that right??

 

What is the very least that they will accept from you in order to get your car back and resume the agreement ? Would they do that?

 

What is your car valued at??

 

I know it seems like a lot of questions, I'm just trying to see if there's any way around this!

[scoobydoo123]

Hi Jaxads

 

The minimum they want is £1200,00 by the end of today which i cant get, the car value is around £4000.

 

Thanks