been ripped off log book loans

[Meat-Head]

ERR DUMB QUESTION, but where did they get your address from? can you phione up and shout "i'll sue for harrasment you bastards"

Off topic, but worth noting sort of ish.

If you send somebody a letter, phone them etc then yes it's a "one off - mistake etc" if you phone etc a second time or more it's harrasment, so wait for the second letter and then go see a low life solicitor who will make you wounder why you bothered!

[firestorm]

i would go and visit the local Citizens advice ask them about it but i believe they can not come on your property to take the car with out your permission as it would be tresspass

[caveman_nige]

park the car at somebody elses house for a while though until its resolved..

[mister-t]

just saw this thread and sorry to hear of your problems.
log book means your registered keeper not neceessarily owner.they cant remove car from your drive but can put an order on car which states that you can not move it from your drive as it technically belongs to them,if there is no finance on it then if you say get it writ off insurance will pay legal owner only.i had simmilar problem years ago only my car was taken to pay for another debt bailiffs removed it,but they had to bring it back as they didnt check it was on finance at the time and legally that was theft on there part as finance company legally owned car.dont panic seek advice and youll be surprised how much help is out there and good luck
mister-t

[smirnoff_rules]

a m8 of mine is in the same boat m8 .. wot he did was get a cheap paddy plate and changed the address on the log book when ever a m8 or family would let him .. his had it over a year now . to much paper work for them m8 .. there not the fbi after all

[thered]

ERR DUMB QUESTION, but where did they get your address from? can you phione up and shout "i'll sue for harrasment you bastards"

Off topic, but worth noting sort of ish.

If you send somebody a letter, phone them etc then yes it's a "one off - mistake etc" if you phone etc a second time or more it's harrasment, so wait for the second letter and then go see a low life solicitor who will make you wounder why you bothered!

dvla i would assume they have to pay for it tho

[thered]

found this from the guardian 22/12/09

'Logbook loans' to be outlawed

Government announces consultation into controversial loans which offer cash in return for a borrower signing over their car's log book

Controversial high interest loans secured against a borrower's car are to be outlawed under government proposals.

Consumer minister Kevin Brennan has announced plans to ban logbook loans, also known as bills of sale, which are secured against the value of a car. A consultation will run for the next 12 weeks.

The loans appeal to people who want cash in a hurry, have bad credit ratings but own a car. The interest rates can be enormous, however, with some lenders charging more than 600% APR.

The car itself does not change hands and the borrower is able to continue to use it, but they must sign over the vehicle's V5 logbook to the lender, who is then given temporary ownership of it through a bill of sale.

The bill means the protection provided by the Consumer Credit Act – that cars cannot be seized without a court order – is removed and the lender can then seize the car if the loan is not paid.

Brennan said: "These bills of sale are archaic and allow vulnerable people's goods to be seized without a court order. They were developed in the days of Charles Dickens and don't meet 21st century consumer standards.

"They can encourage people to slip even further into debt rather than taking control of their finances."

The number of registered bills of sale has recently risen, according to government figures, with nearly 40,000 being made between April last year and March this year amounting to about ?30m in consumer loans.

The Office of Fair Trading says more than 1,000 consumers have complained about problems with the loans in the last four years.

Complaints relate to the lack of protection available to people if they fall into arrears, unfair collection practices, the complex and confusing nature of the language used in the agreements, and the excessively high cost of the loans.

Citizens Advice has seen a 100% increase in enquiries relating to bills of sale in the past two years. Chief executive, David Harker, said: "CAB advisers have seen cases where borrowers have been subject to unfair or misleading sales practices, with lenders failing to ensure borrowers clearly understand the terms of the agreement before they sign up to it, and failing to check they can afford the repayments.

"Missed payments can lead to aggressive debt collection tactics, and problems with bills of sale debts do not end with repossession. Bureaux have seen cases where lenders pursue shortfalls after sale aggressively, including putting people's homes at risk through the use of charging orders – a second chance at securing a previously secured debt."

Trading Standards cites one example where the bill of sale offered by the lender contained a provision that allows it to "break open doors or windows to obtain admission" to any premises on which a vehicle secured under the agreement is situated.

Anyone already having problems with a bill of sale agreement should contact their local Citizen's Advice bureau as soon as possible.


so they can sieze my car without any court orders but my question is what if i have a bill of sale too and a log book what can they do? we are both in the same boat

[steppenwolf]

"so they can sieze my car without any court orders but my question is what if i have a bill of sale too and a log book what can they do? we are both in the same boat"

I told you m8, they have advantage. Save that bill of save, you will need it.

[thered]

"so they can sieze my car without any court orders but my question is what if i have a bill of sale too and a log book what can they do? we are both in the same boat"

I told you m8, they have advantage. Save that bill of save, you will need it.

now then m8 being an expert in law as i am


i thought i would look into this bill of sale law

http://www.opsi.gov.uk/RevisedStatutes/Acts/ukpga/1882/cukpga_18820043_en_1#IDAUWPPD

now at the bottom it says this bill does not apply to apply in Scotland or Ireland


so if i was to change my cars address to a helpful dk members house in scotland they cannot legally do anything methinks

could anyone validate that

[thered]

seems like that last bit is bollox so the only option is to keep the v5 moving around or sell it on quickly

but i dont want to con anyone else by selling it so i will have to keep it moving so if anyone is prepared to let me send my v5 to there address for a time give me a pm

ta

[steppenwolf]

now then m8 being an expert in law as i am

I don`t understand what this means...

[thered]

I don`t understand what this means...

thats just sarcasm

[thered]

just to update i flogged the car on didnt like doing it really but didnt have much choice its someone elses problem now

[patkins]

Good call there red.

[thered]

Good call there red.

had to be done pat cheers