I want Logbook Loan compant to take car....they won't

[ThroneS]

I am new here and this might be a strange query

 

 

I have logbook loan and want the company to take the car

 

 

they are offering me every alternative but to take it.

 

 

I have just lost my job and have no means of finding the £200 per month as I have to prioritize my income for rent etc.

 

 

I can not afford the car and informed them of this last month,

they said they would reduce the payment.

 

 

I told them it was a waste of time reducing the payment as I still could not afford that.

I missed that payment and spoke to them this month and told them I would also be missing this months payment.

 

Again told them they are free to come and take the car.

 

Instead they offered for me to pay last months payment (plus late fees) and another payment later this month.

 

 

It looks like they are just trying to add on as much interest and charges before they do take the car.

 

Can they do this?

If I am telling them please take it.

 

 

The amount outstanding on the loan is £1500.

The car is worth about 3,800.

I so far have paid over 3k (incl late fees etc) on a 1200 loan.

 

Thanks in advance for advice.

[dx100uk]

the late fees are unenforceable in law.

 

 

get them refunded.

 

 

you've paid the loan

 

 

the fees are just them being greedy

 

 

that's why they wont take the car.

 

 

prob find you BOS is invalid too?

 

 

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.

Registration

A bill of sale can only be enforced if it was properly registered.

Since this is an expensive and difficult process,

it is rare that this actually happens.

However, failure to register the bill of sale renders it void,

and so renders any security on goods void.

.

Consequently, before allowing any creditor to gain possession of your goods,

ask to see a registered copy of the bill showing the supreme courts seal.

.

You can also call the national debt line, and ask them how to search the registry yourself.

.

Also a valid DN must be issued.

.

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.

.

check for...[bOS]

.

No Independant signature

No Independant Witness

Not Registered With The High Court In 7 Days

not registered AT ALL!

.

Credit Agreement Details Not On The Bill Of Sale

.

how to check:

.

email:QBEnforcement@hmcts.gsi.g ov.uk.[no spaces]

.

ring:020 7947 7772

.

write:

QB Enforcement Section,

Room E15-E17,

Royal Courts of Justice,

Strand, London, WC2A

...

.

ideally you need the BOS number

.

however

they can search by the Reg Number

.

...............

dx