Danesmead Investments Ltd - Log Book Loans

[SHELLA]

Hello,

 

I wonder if anyone here could give some advice? I would be most grateful.

 

My parents took out a loan on their car from the above company in May 2009.

 

Danesmead Investments Ltd - Log Book Loans

Registered Number 4246206

 

They have been behind with their payments although they are in fact catching up with them. And in total the loan will be paid for by Autumn.

 

But suddenly today, they have a letter stating the car will now be repossessed?

 

Looking on this board, a few questions come to mind.

1} We have no proof that the BOS is registered, just an agreement signed and witnessed by the manager.

2} I know the OFT are investigating them, would they consider Danesmead a part of Log Book Loans?

3} Are they even covered with the 1974 Consumer Credit Act to serve default notices?

 

Any help would be much appreciated. My parents are pensioners and tis only because I have a computer that I have found out anything at all.

They are panicked and intimidated, they do not want to lose their car.

 

Once again, any help and advice would be most welcome.

 

Thank you :0)

[cctv engineer]

Hi shella.

 

the company you have listed is not the same as logbook loans ltd or nine reigions ltd. and it is these companys that OFT are investigating.

 

there are some good companys out there that do logbook loans and they do it right. i.e low interest and good communication with there customers.

 

so what you need to do is get a solicitor to contact Danesmead. to find out what the problem is and also to get copys of the paperwork.

 

Dont think that just reporting your case to OFT is a start to fighting your case. you need to start fighting yourself or you will loose the car.

[SHELLA]

They are trading as Log Book Loans I believe. And that is who the payments go to. And is on all letters.

 

Our local Trading Standards have taken details, they seem to be interested but who knows. They say they're not part of the CCA?

 

My parents cannot afford a solicitor, they are on a DMP and funds are tight.

 

They are on course to pay £300 to them next week and then a regular £200 each month until it finishes.

But if they are going to take their car anyway I don't want them losing that cash.

They have had enough to cope with this year and only just avoided an IVA for a DMP.

[cctv engineer]

They are trading as Log Book Loans I believe. And that is who the payments go to. And is on all letters.

 

Our local Trading Standards have taken details, they seem to be interested but who knows. They say they're not part of the CCA?

 

My parents cannot afford a solicitor, they are on a DMP and funds are tight.

 

They are on course to pay £300 to them next week and then a regular £200 each month until it finishes.

But if they are going to take their car anyway I don't want them losing that cash.

They have had enough to cope with this year and only just avoided an IVA for a DMP.

 

Hi can you post the address of the company you are paying. BEFORE any payments are made. and also the details of the letter about the repo of the car and the company reg number at the bottom of the letter.

 

trading standards are not solicitors and will not look into induvidual cases. (they told me to hand the car over) you say you are looking to give them £300 soon. i would not do that. you need a solicitor. take £150 to a solicitor and start your fight. if this is the dreaded logbook loans then you also need to find out your interest payments that will be added to your last payment. remember every phone call and letter has a £12 charge also to be added. you do need a solicitor.

[SHELLA]

So it would be best to use that money and go to a solicitor? Do we hide the car? They're getting nasty!

[cctv engineer]

So it would be best to use that money and go to a solicitor? Do we hide the car? They're getting nasty!

 

 

yes i would say hide the car. logbook loans will even if you pay them now after you have had the repo letter will still repo the car.

 

yes see a solicitor to ask for a copy of all the paperwork from lbl. and to check if your paperwork is legal.

[fahad_90]

A vehicle was purchased Vauxhall Astra on the 4th July 2011 from British car Auctions Blackbushe. It was a Black horse vehicle which pursued through the sale and was won by me at the sum of £951.00. The vehicle was not categorised with any outstanding finance.

This vehicle was then sold under the impression that it was fully HPI clear which was stated at the time of the sale

We had then received a call where to our surprise the vehicle had been repossessed by bailiffs who worked for a log books loans company.

After many call to logbook loans we were able to gain more info into when the log book loan had been purchased against the vehicle. I have attached a brief letter from Andy Fox in regards to when the logbook loan had been taken out.

After reading the letter from logbook loans it shows black horse sold the car through British Car Auction with an outstanding logbook loan as the date the Loan commenced was the 3rd February 2011 and the vehicle was sold through British Car Auction on 4th July 2011.

I spoke to the Manager from the Blackbushe British Car auction; I was then referred to their head office in Farnborough. I have been in contact with Roger from BCA legal department and he was not willing to take any blame for this.

The 17th May 2012 I Mr Ahmed received a letter from Northwood law acting on behalf of Mr x stating that I had to reimburse Mr x of £1200 to recover the vehicle plus £120 storage fees. Another £200 personal expense for train and taxi fares

I am writing to inform you I am looking to pursue a case against you for selling a vehicle which had outstanding finance, this was not informed when purchasing the vehicle, and furthermore we have now paid the Sum of £1520.

Accordingly we require you to reimburse us the total amount of £1520 money owed.