Logbook loans have lost their final appeal they are officiallly gone

[andy5263]

In direct answer to your post...

 

Write back to the firm of solicitors advising them that you do not recognise the said company or debt ( this being on the understanding that unless they can catergorically prove that said amounts are your liability - then they should sling their hook : )

 

Try this draft letter:

 

Dear Sir/Madam

 

 

 

I write in response to your recent communcation dated [insert date] received on the [date].

 

It is with the utmost respect that I advise that I owe no such debt as mentioned.

 

I truly assume that you have unwittingly sent this communication to me in error and

therefore feel duty bound to advise you of same.

 

I trust that you will amend your records accordingly.

 

Yours sincerely

 

 

[sign]

 

 

Send it recorded delivery and keep a copy on a file

 

Apple : )

 

Will give this a try. As far as I'm aware there hasn't been a court order for them to enforce but will check the reference with the local court. If this is bogus are they infringing any regulations as I've seen elsewhere on the forum, DLC, Hillesden and Alpins all seem to have some connection even if only in a business sense B2B rather than by registered association.

 

Also seems more than a coincidence that I've informed trading standards etc regarding auction house garage collusion in selling property they have no legal title to and this then happens. Also figure quoted is incorrect because they sold the car at auction so something doesn't tally here!!!???

[andy5263]

To above regarding high court and Hillesden discharging debts when transferred...how do we go about this process. Is it something we can do or are solicitors necessary. Is it something we should do at the same time as writing a reply. Does the reply have to be to Hillesden's or to Alpins who are acting on their behalf. Rather nervous at present because I've had dealings with bailiffs before and it is pleasant, assuming it goes that far?

[andy5263]

apologies who are nr?

 

excuse my ignorance if blatantly obvious!!

[andy5263]

sorry didn't quite read it solicitors on specific reply, not ref to nr properly, eyesight failing maybe should 'av' gone spec savers

[applecart]

Will give this a try. As far as I'm aware there hasn't been a court order for them to enforce but will check the reference with the local court. If this is bogus are they infringing any regulations as I've seen elsewhere on the forum, DLC, Hillesden and Alpins all seem to have some connection even if only in a business sense B2B rather than by registered association.

 

Also seems more than a coincidence that I've informed trading standards etc regarding auction house garage collusion in selling property they have no legal title to and this then happens. Also figure quoted is incorrect because they sold the car at auction so something doesn't tally here!!!???

 

Hi Ya

 

Let me understand this a wee little bit better...

 

Your car was taken and stands on a site at a local garage for sale, it was seized by NR/LBL due to default under the agreement... you know/assume that because it is up for sale at the local garage that a price will be paid once the vehicle is sold - you then write to Trading Standards to complain that your vehicle is being sold by someone who does not have title to do so - and this crosses with a letter received from a firm of solicitors.......advising you owe money to someone, somewhere with the threat of bailiffs.... ummmmm

 

Is this the case - have I interpreted your situation correctly?.

[applecart]

To above regarding high court and Hillesden discharging debts when transferred...how do we go about this process. Is it something we can do or are solicitors necessary. Is it something we should do at the same time as writing a reply. Does the reply have to be to Hillesden's or to Alpins who are acting on their behalf. Rather nervous at present because I've had dealings with bailiffs before and it is pleasant, assuming it goes that far?

 

 

The post is an altogether different ball game - if your debt was still owned by NR (this is Nine Regions Ltd, the purported main company behind the Log Book Loans business model) and your car seized before the assignment to Hillesden - then the information will not assist you. It will only be on the basis that Hillesden became the owner of your debt some time around May 2006 - that their may possibly be a conflict of interests with regard to ownership of title and the debt etc.

 

The only type of bailiff that can seize property (vehicles) are those who have an order from the court... Debt collection Agents do not have such authority - certainly not because they are licenced with the OFT to collect debt....

 

So if a 'bailiff' comes to your home - tell them to sling their hook - with hindsight you should have done so when LBL agents came and took your car in the first place. The bill of Sale is not a court order...

 

What you need to do is get an injuction to stop the garage from selling your vehicle - the vehicle remains your property until a court orders that the lender can take possession.

 

If you are unsure or do not have the confidence to do so yourself - get a solicitor involved or the CAB

 

Apple

[andy5263]

Log book loans are still being offered is this right? or even legal? This is the one we used simplefastloans.co.uk/?sflaffiliate=impactradius[/url] need to add www

[Nicky Bodmin]

The post is an altogether different ball game - if your debt was still owned by NR (this is Nine Regions Ltd, the purported main company behind the Log Book Loans business model) and your car seized before the assignment to Hillesden - then the information will not assist you. It will only be on the basis that Hillesden became the owner of your debt some time around May 2006 - that their may possibly be a conflict of interests with regard to ownership of title and the debt etc.

 

The only type of bailiff that can seize property (vehicles) are those who have an order from the court... Debt collection Agents do not have such authority - certainly not because they are licenced with the OFT to collect debt....

 

So if a 'bailiff' comes to your home - tell them to sling their hook - with hindsight you should have done so when LBL agents came and took your car in the first place. The bill of Sale is not a court order...

 

What you need to do is get an injuction to stop the garage from selling your vehicle - the vehicle remains your property until a court orders that the lender can take possession.

 

If you are unsure or do not have the confidence to do so yourself - get a solicitor involved or the CAB

 

Apple

 

Hi Apple,

 

Im totaly confussed by all this.

 

What has happened to LBL

 

The reason I ask is because I have the court application by LBL to put a charge on my house for the court costs in the case I lost against them. It is happening as we speak.

 

Are they appealing what is happening.

 

I need urgent advice.

[Nicky Bodmin]

Hi Apple,,

 

Were can I find the ref to CCA and BOS ref court order to remove car Im struggling to find its ref

[Nicky Bodmin]

Hi Apple and SITE TEAM,

 

need urgent advice. I took LBL to court and lost I now have £15000 costs to pay. I recently recieved a court application in the name of LBL for a charging order. from LBL.

 

If they are no longer trading and have sold their company can they still proceed in LBL name the name on the judgment debt

 

BUMP

[applecart]

Hi Apple,,

 

Were can I find the ref to CCA and BOS ref court order to remove car Im struggling to find its ref

 

Hi Nicky

 

See the bos amended act 1882 s. 7a - this is from memory.... So check it before quoting it

 

It was added to correspond with the cca 1974 to do with the necessity to get an order from the court prior to taking a borrowers car.

 

Check my previous posts, the precise ref and validation will be posted in them.

 

Best of luck

 

Apple

[applecart]

Hi All

 

Here is an update as acquired on the 25th January - and I quote below ....:

 

"As I am sure you are aware the First-tier tribunal has struck out the appeal of Log Book Loans Limited (LBL) and Nine Regions Limited (NRL) following the OFT's original decision that they were unfit to hold a consumer credit licence.

 

Please find attached the link to the press release:

 

http://www.oft.gov.uk/news-and-updates/press/2011/125-11

 

The OFT initially took action to revoke the licenses of LBL and NRL because it considered the businesses to be unfit to hold consumer credit licenses. The OFT Adjudicator Determined that the licenses should be revoked which was updated onto the OFT's public register, similarly the application of LBL and NRL to appeal to the First Tier Tribunal was also ujpdated onto the Public Register.

 

It is important to note that the revocation of the licenses of LBL and NRL will not take effect until the appeal process has been exhausted.

 

NRL and LBL have made applications to the First-tier Tribunal (Consumer Credit) for permission to appeal to the Upper Tier Tribunal (Administrative Appeals Chamber) against the strikeout as well as for extensions of time to appeal to the Upper Tier Tribunal, the date for the next hearing on these applications has not been set.

 

If permission for the appeal against the strikeout is granted, then revocations would not take effect and LBL/NRL would be able to continue trading under its licence until the end of the appeal period.

 

Therefore, at this juncture, the revocation of the licence has not taken place as the appeal process is still ongoing.

 

In order for the OFT to remain consistent in its approach to Appeal cases it will next update the Public Register when either LBL/NRL appeals to the Upper Tier Tribunal or the licenses of the above become terminated."

 

I think we all need to remain wary to keep matters in prospective....

 

Apple

[applecart]

Hi Apple,

 

Im totaly confussed by all this.

 

What has happened to LBL

 

The reason I ask is because I have the court application by LBL to put a charge on my house for the court costs in the case I lost against them. It is happening as we speak.

 

Are they appealing what is happening.

 

I need urgent advice.

 

 

Hi Nicky

 

The updated info is posted on this thread.

 

I apologise if the post confused you in any way.... it was in response to a question from another cagger.... it was not a general posting per se..

 

Each cagger needs to assess the info that is posted and if the information appears relevant to their given situation... then before you use it... make sure you understand it....check it out... validate it...make sure it stacks up.... long, long before you quote it or use it....

 

No point clutching at straws, if you do, you run the risk of appearing a complete plonker in front of a Judge...

 

Apple

[Nicky Bodmin]

Hi Guys,

 

I dont want to be the barer of possibly bad news but I have looked at the website of Loans2Go the new owner of LBL.

 

We got rid of them but all our loans and debts to LBL are just sold to them.

 

How do we know that they arnt as bad as LBL.

 

We could be at the bottom of the ladder for a big battle again.

 

One thing I have had Solicitor confirmed is that any BOS that LBL had unless there are 3 people between the 2 documents then it is worthless. So everyone with this type of BOS needs to seek legal advice to have it legaly challeged and removed.

 

Good new is if BOS is void on the attestation issue then the CG is also VOID.

 

So Loans 2Go have potentially bought dummy loans which as you well no is what makes their income.

 

From the way I see it and knowing how LBL have witnessed all BOS *(incorrectly) then the 59 million pound business they did have has no income from customers payments on their loans LOL.

 

Very exspensive purchase for Loans2go if the accests are worthless

 

WAY TO GO LOGBOOK LOANS wonder what the lawsuit will be like on that one lol

[Hip_Hop]

Hi Nicky,

read your posting on Loans 2 go but can not find any confirmation that they have acquired Nine Regions Ltd, Log book loans Ltd outstanding loans on the web. Where did you find this information?

 

Also wasn't aware they had given up all appeal attempts, does the OFT confirm this? I ask as you state that we have got rid of them but I wasn't aware they had withdrawn from the appeal process completely, have they?

 

I am also not sure whom you are referring to as starting at the bottom of the ladder? Are you aware of anyone currently in the legal process who have been instructed by a court that they must reissue any current POC's to another party as a consequence of their loan book being sold?

 

As is common knowledge (more so since the banks/financial services of 2008 melt down),the selling of debt to others, has been big business and normal commercial activity. Be it the selling of toxic mortgages, credit card or any other secured or unsecured debt. If LBL have decided to sell their loan book to raise capital that is perfectly within their remit to do, more so if they have given up the fight to continue trading under appeal?

 

Also, unless you are aware of the price paid for acquiring LBL's loan book, how can you know if such an acquisitions was an expensive purchase? By the way, this may all be academic if LBL have not sold their loan book

 

Lastly I think I am right in questioning your point that whether a BOS is void or not doesn't determine whether a Credit Agreement is enforceable or not. Simply that a Void Bos is unenforceable. And I repeat my previous assertions on other threads that a registered BOS in the High Court can only be made void by a judge so without that being the case it is an empty blanket point in my personal opinion.

 

I wonder who else has a current lawsuit outstanding with Nine Regions Ltd/Log Book Loans ?

 

Hi Guys,

 

I dont want to be the barer of possibly bad news but I have looked at the website of Loans2Go the new owner of LBL.

 

We got rid of them but all our loans and debts to LBL are just sold to them.

 

How do we know that they arnt as bad as LBL.

 

We could be at the bottom of the ladder for a big battle again.

 

One thing I have had Solicitor confirmed is that any BOS that LBL had unless there are 3 people between the 2 documents then it is worthless. So everyone with this type of BOS needs to seek legal advice to have it legaly challeged and removed.

 

Good new is if BOS is void on the attestation issue then the CG is also VOID.

 

So Loans 2Go have potentially bought dummy loans which as you well no is what makes their income.

 

From the way I see it and knowing how LBL have witnessed all BOS *(incorrectly) then the 59 million pound business they did have has no income from customers payments on their loans LOL.

 

Very exspensive purchase for Loans2go if the accests are worthless

 

WAY TO GO LOGBOOK LOANS wonder what the lawsuit will be like on that one lol

[MARTIN3030]

NRL licence still shows as current with no nfurther update on their appeal on the CCL Database;

 

Business NameCompany Registration Number Nine Regions Limited4286387 Public Notices:

 

StageDateDocument LinkEvent NumberNotes Appeal to First Tier Tribunal18/11/2009

6 Determined To Revoke16/10/2009

6 Minded To Revoke13/03/2009

6

[Nicky Bodmin]

Hi Guys,

 

I thionk you have read my message wrong totaly wrong.

Ther point I have been making is that if the BOS are not valid because of the witnessing then potentialy all contracts LBL have or had will be void . In therary.

 

If all customers hold that type of BOS then they can apply to have it void. There for the company have lost the security of the BOS

 

And as for my ref to the £58 million pound business that is what the company turn over was.

 

Please read the post correctly.Before shouting

 

I had a PM saying that that company had bought them out. By mentioning this on open forum I knew it would be challenged.

 

I have also found this I think its worth reading

 

http://www.bailii.org/cgi-bin/markup.cgi?doc=/uk/cases/UKUT/AAC/2011/280.html&query=nine+and+regions+and+v+and+oft&method=boolean

[MARTIN3030]

Judge Levenson made some quite detailed observations if you look at the bottom of the report.

 

[Nicky Bodmin]

Hi,

 

It is very intense reading. I am going to read a few more times because im still very unsure if the Judge rules infavour of the OFT findings

I am looking to challenge the BOS using what the Trubunnel judgment but still not a 100 percent sure how my BOS breeches the Act

 

One thing I have learnt is LBL now tell the inderwriter he is no to witness the BOS so I no mine is not lawful.

 

The rep signed the CA also witnessed the BOS using company address

please advice because I am looking to apply to the court to have my case re heard with this as new evidence they are having the charge on my house made absolute next week.

#

I need to act now.

[MARTIN3030]

Understood,I am not personally up to speed on these issues but will flag it up for you to site team.

[Nine Regions Victim]

Not sure if this answers the question on the Loan book sale to L2Go but I received a letter this morning stating the following:

 

Notice of assignment from nine regions ltd in administration (Nine Regions) to Hermes Property Services Ltd (Hermes) in accordance with s82a of the ca and s136 of the law of property act 1925

 

Also the telephone for nr is now Hermes

 

On the issue of having the BOS removed could anybody direct me to a thread or advise on the process to have it removed (as in the court form refs, etc) my BOS had the affidavitt with my details but the BOS exhibit for someone totally different and it was filed 8 days after not 7 so I want to get it removed.

Edited February 16, 2012 by Nine Regions Victim

[Nicky Bodmin]

Hi have a read of this

 

http://www.consumercreditappeals.tri...t_judgment.pdf

 

Iy covers the registration process

[mark1711]

Hi there,have logbook loans {NRL} gone and what happens about payments.

[Nicky Bodmin]

hi guys this is the PM I was sent who is this person with the info about loans2go

 

seekeroftruthandjustice

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Cagger sinceNov 2009I am inOuter LondonPosts34

 

LBlIt

 

Hi

 

Just curious how you ended up, if you could let me know please.

 

LBL has been bought out by Loans 2 Go this week, backed by a large US-based title loan business, so the licencing issue is all over, appeal irrelevant.

 

 

I hope you have reached a settlement. One of LBL's biggest issues was that they seemed unwilling to settle on reasonable terms with consumers to save costs.

 

I think the CAG sub forum for Log Book Loans is coming to an end, I hope you ended up owing LBL nothing.

 

Personally, I believe a business in this market should respect and value its customers

 

Best Wishes

 

STF

 

[Nine Regions Victim]

Thanks Nicky,

 

I'm hoping someone can detail the process and forms needing completion to have the BOS removed from the register.

 

Also interestingly enough...I spoke to Companies House today and they have no record that LBL are in administration...neither does the insolvency service and there seems to be no announcements in the London Gazateer like there should be...Hermes Property Services Ltd trade from LBL premises...use their phones and have the same email address...would it suprise me if they had the same directors?