They took my car now LBL want 4k Help

[sweetsuagr01]

Hi,

 

i took out a logbook loan out in 2007, i signed my agreement in the car of one of thier reps. he told me all the usual stuff, took my bank account details to set up a standing order.

 

the standing order was never set up, i went into arrers never recieved any letter from them. woke up one morning to go to work when i saw my car had been clamp while on the drive of my parents house.

 

i rand LBL, the man said i had to pay over £800 for my car to be released. i explained that 1. the standing order hadnt been set up or that i had not recieved any letters to say i was in arrers. i was told it wasnt his problem and that i either paid or the car would be taken and sold. i asked if i could set up a payment plan but he was not interested. i had to go to work and when i returned the car had gone, even though there was no-one in the house.

 

A couple of months later i received a letter sayin they had got X amount of money for the car. Rang lbl and asked if that was the debt cleared, and was told that yes that was the case.

 

Now nearly 3 years later i have recieved a letter from LBL stating i owe nearly 4k to them.

 

spoke to them today where i was told that i still owe them money because the term was over 3 years. Please help as i do not know what to do. told them i wasnt paying them any money. going to CAB tomorrow

[trooper68]

Hi,

 

i took out a logbook loan out in 2007, i signed my agreement in the car of one of thier reps. he told me all the usual stuff, took my bank account details to set up a standing order.

 

the standing order was never set up, i went into arrers never recieved any letter from them. woke up one morning to go to work when i saw my car had been clamp while on the drive of my parents house.

 

i rand LBL, the man said i had to pay over £800 for my car to be released. i explained that 1. the standing order hadnt been set up or that i had not recieved any letters to say i was in arrers. i was told it wasnt his problem and that i either paid or the car would be taken and sold. i asked if i could set up a payment plan but he was not interested. i had to go to work and when i returned the car had gone, even though there was no-one in the house.

 

A couple of months later i received a letter sayin they had got X amount of money for the car. Rang lbl and asked if that was the debt cleared, and was told that yes that was the case.

 

Now nearly 3 years later i have recieved a letter from LBL stating i owe nearly 4k to them.

 

spoke to them today where i was told that i still owe them money because the term was over 3 years. Please help as i do not know what to do. told them i wasnt paying them any money. going to CAB tomorrow

 

 

Ok, they have taken your car, sold it and after 3 years have started to chase you for 4k.

 

First thing you will need to do, do you have a copy of the Bill Of Sale? If not you will need to request a copy. Where did you sign the BoL, money shop? Was there a witness who signed?

As this was 3 years ago you have no hope in getting the car back, It was sold, did you know what amount was made on it?

 

Please don't worry, there's alot of people on here how can help. Oh and welcome.

 

trooper68

[luc1]

Hi, why should sweetsugar be worried?? I mean they have taken her car... what else cant they take or threathen with?

[sweetsuagr01]

Ok, they have taken your car, sold it and after 3 years have started to chase you for 4k.

 

First thing you will need to do, do you have a copy of the Bill Of Sale? If not you will need to request a copy. Where did you sign the BoL, money shop? Was there a witness who signed?

As this was 3 years ago you have no hope in getting the car back, It was sold, did you know what amount was made on it?

 

Please don't worry, there's alot of people on here how can help. Oh and welcome.

 

trooper68

i dont have a copy of the bill of sale as after they took my car, they said that the account was closed so stupidly got rid of all the documents when i moved house. Where can i get a copy from? I signed the bill of sale in the agents car, at a local shopping centre and there was only me and him. when they sent me a letter to say it had been sold it was over 2k, when i spoke to them yesterday they said it had only been sold for £1100.

 

Really dont know what to do, didnt get any sleep for worrying last night.

[sweetsuagr01]

Hi, why should sweetsugar be worried?? I mean they have taken her car... what else cant they take or threathen with?

i'm scared there gonna take my car that i have now, or turn up at my parents house or my house.

[luc1]

You can still get a Bos by ringing this number: Royal Courts of Justice

0207 947 6000. This will cost 5 pounds, also they might want this by a cheque, they will give you there address.

[luc1]

They cant touch your car now... that car has no association with them. The old car was part of the BoS, not the new car.

[luc1]

I wouldnt worry, there will be people on here soon who will put you at ease. I'm pretty sure they cannot touch you new car. As it was the old car what the loan was secured on. Keep a eye out on here.. a lot of the members will help you with more detail.

[postggj]

they cant touch your car

 

they have no security by way of bill of sale on it

 

one car

one bill of sale

 

you need to send lbl a letter asking for a break down of the costs

 

outstanding amount before the car was sold

invoice from the auction house

up to date statement

copy of the finance agreement

copy of the bill of sale

 

you will prob have to send lbl an sar to get this info as well as ten quid

 

 

seems you are being shafted but we need the docs to fight back

[sweetsuagr01]

thank you all so much, going to try and get all the documents i can, then i'm fighting these idiots all the way!!!!

[trooper68]

thank you all so much, going to try and get all the documents i can, then i'm fighting these idiots all the way!!!!

 

 

I think you may want to do some reading on the way the BoS works, there are some great posts (stickys) at the top of the webpage take some time and make notes. A good start would be to SAR them as the previous post states.

 

From what you have stated in your posts, at the time of the BoS being signed, there was no witness signature, thats a common mistake these guys make, did they ask you to sign a Credit Agrement at the same time?

 

Just a tip, if they start calling by phone, hang up. Draw a letter stating that you will only deal with them by letter. Keep everything, including envoples. If they come to your house, ask them to leave, if they don't call the police. They cannot take your car, clamp it or seize it. You will start to take control and they will hate it. You have done nothing wrong what ever they say

 

trooper68.

[sweetsuagr01]

hey trooper68. when i signed on the dotted line i was told i was signing a credit agreement not a bill of sale. i've read through alot of the posts already but will continue to look through to get anymore tips.

[postggj]

i would check if a bos was registered with the high court

 

illegal repo comes to mind

[sweetsuagr01]

will do thanks postggj

[trooper68]

hey trooper68. when i signed on the dotted line i was told i was signing a credit agreement not a bill of sale. i've read through alot of the posts already but will continue to look through to get anymore tips.

 

 

You may have, as well as BoS. On that information I would SAR them, they have to send a copy of ALL documentation and transcripts of any phone calls by the Data Protection Act 1998.

 

This gives them 40 days to supply it.

 

Now, you still have a little reading to do, do a search on Subject Access Request, this will explain a lot.

 

So Get Reading.

 

trooper68

[applecart]

Hi Sweetsuga1

 

They really do not have a leg to stand on.

 

I would simply totally ignore them; if they wish to take issue with you, let them take you to court - I suspect they will not do this.

 

If they do - seems to me from the information you have submitted you have a more than logical defence.

 

I agree; they cannot touch any car that you have bought since.

 

Just ignore them... (the Human Rights Act protects you - you are entitled to quiet peaceful enjoyment of your personal possessions) you only need to fight them as, when and if; they take you to court.

 

Sit back have a coffee and get on with your beautiful life in the meantime.

 

Trust me, Logbook Loans have bigger considerations to be concerning themselves with right now.