Help on Loans to go

[skyblue2027]

i was silly enough to take one of these loans out in March and have got myself in a mess with it.

 

i made my first payment successfully in April but since then have made no payments.

 

i was made redundant from my job but have now successfully secured other employment.

 

Now i am ready to make payments but have received the default notice for arrears.

 

the loan was for £400 and the letter threatens to seize goods ie the motor.

 

Now, i want to make payments but want to spread over time, i also no longer have the car as it has been scrapped.

 

where does this leave me in regards to the law and is there a form i can apply ot the court to hold action while i pay off the loan?

[renegadeimp]

Was it a secured loan? Pdl? Can you provide more info?

 

You say youve been to court. Can you give more info.

[skyblue2027]

secured on car for £400 with loans to go (bill of sale). not taken any action yet but have a default notice with full amount required if not paid by 28/8/13

[dx100uk]

No logbook loan repossessions are not always legal,

if linked to a CCA agreement or if the BOS has not been registered with the high court.

If BOS registered then yes they can reposses, but have to show registration and debt details.

If linked to a CCA then can not reposses if on private property without a court order ( but can if on public road and under a third has only been paid ).

Over a third, they need a court order wherever it is.

020 7947 7772

QBEnforcement@hmcts.gsi.g ov.uk.

QB Enforcement Section, Room E15-E17, Royal Courts of Justice, Strand, London, WC2A 2LL.

is the number to ring and check if your BoS has been registered.

or

If anyone else needs to find out if a Bill of Sale has been registered

email Lindsay.hutchinson@hmcts. gsi.gov.uk really helpful,

replies straight away

& above all didn't charge

many many are not!

dx

[skyblue2027]

thank you DX. Regarding the money owed, would you advise to write for a payment plan or complete a form to give me more time to pay? afterall the debt i sitll need to pay

[dx100uk]

i'd check the bos first.

 

you scrapping the car might cause issues here.

 

it was not yours to do so as such.

 

how old is the dn

 

dx

[skyblue2027]

Its dated 12/8/13 with date of 28/8/13 to pay up

[dx100uk]

urm..

 

that's not quite right.

 

must give you 14 days after postage

 

did it come by mail uk with a S on the envelope?

 

certainly nothing to stop you writing to them

 

howeve, equally just pay it at your terms using your internet banking webportal.

 

dx

[renegadeimp]

Check that bill of sale. If it isnt registered, the loan company is out of luck.

[skyblue2027]

thanks. i have emailed the request to check on BOS. Will update tomorrow

[skyblue2027]

OK, Email reply is BOS has been registered. where does this leave me now and what options have i got?