Urgent help needed re finance with Log Book Loans

[Kay84]

Hey guys,

 

My name is Kay and I am new to this, I have read through the posts, but I am still struggling.

I bought a BMW 5 series on a V plate (1999) from a traders in Nov 2010 for just under £3000. On Thursday 25th of August my car was taken by some bailiffs saying there is outstanding finance with Log Book Loans. Ive spoken to them, no help at all, just saying that a release fee of £790.00 is required. I need to know where I stand. I went to the police to report fraud by the trade who sold me the car as Trading Standing advised me that they were not supposed to sell the car as they did not have the "Title to Goods." The police said it was a civil matter and to see a solicitor. The trade assured me that the car was HPI clear and that they would send me the paperwork in post. Not surprisingly they havent. I've tried to contact them, but they are just fobbing off by saying they don't exist, the company have changed, etc

 

What do I do??? One of the posts here said that a Bill of Sale cannot be registered with a vehicle that is over 8 years old. The vehicle was made in Sept 1999, on the HPi report it which I did on 25/08/2011 states the following:

 

Date of interest: 24/05/2010

Finance company: log Book Loans LTD

Agreement no:

Agreement type: Data not provided

Agreement term: 48 months

 

Surely they are supposed to chase the previous owner?! Log Book Loans have said that they will action the car in 14days from the 25th of August. I urgently require advise.

 

I appreciate any response in advance, I am completey stuck with this

[saintly_1]

Thread moved to Log book loans forum