Log Book Loans - nightmare,. now got my car

[slick132]

Hi Caz,

 

Please see my PM to you.

 

[caz1963]

Hi

has anyone had a similar experience- yesterday i received postally a returned log book from the DVLA asking why id sent it to them as it hadn't been completed properly

when i looked at the log book / letter the date of issue to the DVLA is within the 14 day period from recovery of vehicle to earliest date they could sell - the ate on the log book coincides with the date of notice of injunction co incidentally

[rosie321]

Hi

has anyone had a similar experience- yesterday i received postally a returned log book from the DVLA asking why id sent it to them as it hadn't been completed properly

when i looked at the log book / letter the date of issue to the DVLA is within the 14 day period from recovery of vehicle to earliest date they could sell - the ate on the log book coincides with the date of notice of injunction co incidentally

Hi i too have had a terrible time with LBL, they came to take my car on Friday loaded it on the lorry then knocked my door to say they had my car (i was lucky to be in) showed me a piece of paper to say they wanted full payment of my loan plus costs. It went from 800 pounds to 1606 pound in 10mins, i was lucky to have rang my sis and she agreed to pay by debit card the full amount but the guy who had my car on the lorry got in his lorry and drove off without taking payment until i had to run after him on the road , he stopped and came back to take payment and leave my car back. I got no notice this was going to happen calls or letters also he gave me nothing back after payment made. PLEASE PLEASE Anyone even thinking about taking out a LBL AVOID !!! i will let you know what happens next...

[renegadeimp]

They cant take it like that without a court order. You got conned and you should have rang the police.

[EDDT1]

I can't believe this is still happening. I had dealings with LBL back in 2009 (there's a thread on here somewhere), I bought a TT that one of the previous owners had secured a LBL on. Luckily they were unable to recover it as it was not where they thought it would be, but they demanded £12000 from me.

 

To cut a long story short I told them I was in the process of stripping the car and selling it for parts on ebay. I took pictures with the wheels, interior and bumpers off (2 hour job) and sent it to them. I offered to pay £500 for them to release their interest in the car, after a couple of days they agreed to this.

 

Still makes me feel sick that this company got £500 out of me when the initial loan would have only been a couple of hundred quid!!!

[rosie321]

They cant take it like that without a court order. You got conned and you should have rang the police.

Hi i've been told what they did was legal but what wasnt legal was the bill of sale as i never signed it, all i signed was the agreement never even knew anything about BOS. The agent called to my house when i took the loan out and gave me an envelope with an unsigned agreement and BOS unsigned. I just don't know where i stand or who can look into this. The reason i missed 3 payments because i was ill with plurisy at sisters in the England. I live in Northern Ireland also the mess with the Ulster bank before i left did'nt help matters but they did'nt want to know when i tried to explain to them.

[renegadeimp]

It isnt legal though. If youve paid a substantial amount of the loan off, then they need you to sign a voluntary agreement, or they need a court order to take it. They are not allowed to simply turn up, load it up, then tell you tough luck.

[sequenci]

It isnt legal though. If youve paid a substantial amount of the loan off, then they need you to sign a voluntary agreement, or they need a court order to take it. They are not allowed to simply turn up, load it up, then tell you tough luck.

 

A court order is NOT needed on a logbook loan/bill of sale. At all. The only thing that needs to happen is the service and the expiry of a default notice. Hope that's clear

[PublicDefender]

Thats right, court order not needed, as soon as they terminate the agreement due to a breech in the T&Cs then they could send a chimp to take the car.

 

On another point to the guy who did not sign a Bill of Sale, your quids in,

the loan cannot be enforced by possession of the car.

 

For the BOS to enforceable they need to have had it signed by you, witnessed by the person who saw you sign it and then witnessed again by a solicitor,

it then needs to be registered at the high court withing 7 days.

 

There also needs to be a HPI finance registration, dont count on the cheapo alternatives always check with HPI