Rachel (Guest) Friday, 27 January 2012

Has there been anymore action re LBL? How do you find out who are the directors of this company? Thanks

Debtwizard Wednesday, 18 January 2012

Look above, see the link at the top of every webpage and forum, just sign up, check your spam box for our email to confim you wish to join and then select a nickname.

Tick the box under the posting you make to receive an email when someone posts on the thread.

Mike

Kim (Guest) Wednesday, 18 January 2012

Thank you Mike. I'm being really blonde here but where wil I find that forum?

Debtwizard Wednesday, 18 January 2012

Kim, You need to post on the forum, you do have rights, post there and we will help you.

Best wishes, Mike

Kim (Guest) Wednesday, 18 January 2012

This is going to be long so very sorry!
Basically I took out a LBL about 3years ago now and was making payments of well over £200 week. Within no time had paid the full about back with was only £800. Car is only worth £1000! But they kept aksing for money and demending more money every month. Threatening court etc. I kept paying as much as I could to keep them quiet! Eventually they semmed to leave me alone and for about a year, heard nothing from them, as far as I was aware the account was paid and closed. In that time I sold the car along with the LB as LBL never took it! and bought a new car. (Baring in mind was car was only worth £1000). Now over 20mths later LBL have been in contacted with me again threatening they want over £4000 to pay arrears off! Or they will take the car which I no longer own!! I've tried to arguing with them regarding it but they will not listen! They've said they will take the car today unless I pay the £4000 today!!?!!?!!? I'm at the point now, where let them take the car and I'll just have to go to court!! I'm so scared and don't understand what's going on! Please can anyone help me!

Frosty (Guest) Wednesday, 11 January 2012

I've got a log book loan and have been doing my best to make payments, I've made payments every week from January last year. I've paid a minimum of sixty pounds a week, I've not been well threw major depression after my last business caused me two nervous break downs in ten months. I've rang lbl and asked to lower the amount whilst I get back on my feet and get a wage coming in so I can make the hundred and ten quid a week repayment, lbl have asked for letters from my docs confirming I'm depressed and not doing well, this matter is making me worse and I'm now loosing sleep again and going back on anti depressants and I'm scared of having another episode, I tried taking my life last year threw bills and preasure from this type of thing. Is there any help out there in which I can keep my bike and still pay the loan without declaring my life to lbl.....please help I don't and won't loose my life to this.....I have a family and now I've found a job I need this bike to get to work, as taxi's and trains are gonna cost me forty five quid a day and there's no work in my area for what I do and need to travel this distance......

Liz (Guest) Monday, 09 January 2012

Hi Mike,
I'm a little confused, I haven't seen anyhting else on the internet about Log Book Loans being under any consultation, the only reference I could find was in 2009 which wasn't enforced. Has there been a new consultation set up since the one held in 2009?

skyblue (Guest) Tuesday, 03 January 2012

does anyone know if lbl is still on verge of closing down. also if you have a loan and dont pay the charges which add up without explanation and they still want money what can they do. no longer have car and not going to pay can they take you to court or how do they go about getting money back.

Debtwizard Tuesday, 20 December 2011

Hello 'The Inside Man'

Would be good to talk, can you email me a contact number I can call you on?

Keep checking the forum as I am about to post here about looking for Log Book Loan case studies for a National Broadcaster.

Mike

my car was taken! (Guest) Monday, 19 December 2011

To those on here who are asking "lbl on my car from prev owner what will happen?"....well here is my little horror story!

Last year I took out a 2 year bank loan for a car for 5k and bought a car thro a private sale,everything looked in order and i did a txt check instead of a hpi check )huge mistake!!)

1 week before xmas 2 guys baliffs turned up on my doorstep showed me paper work,stated the car had finance from prev owner and it belonged to them,I phoned the police,they came out but said they couldnt stop the guys from taking the car as it was a civil matter and were only there to ensure no violence occurred??

The balifs took the car and gave me the tel number of the head office stating i may be able to buy the car back.I rang the office,,they wanted 6k....

For weeks and months after i tried every avenue to get my car back, solicitors, police, cab, dvla and went around in complete circles...

The bottom line was the car belonged to the finance company and they would of taken it regardless and there was not a single thing i could do....needless to say the private seller has disapeared,and im still paying the 5k loan but sadley no car.....

So be aware! if you find out your car has finance on it this will happen,,,and sorry to say but there wont be a single thing you can do,,

I wished i had the foresight to brake the car up and sell the parts for spares...mabes then recouping a tiny bit of my loss through my own stupidity of not doing a full hpi check

The inside man (Guest) Friday, 16 December 2011

I worked for a company which advertises the lbl and let me tell you all now,they are all liers and they have all been trained to scam people out of money.

They lie about repayment breaks before your first payment is due,but infact they add on that first months break right away.

They force you to take out the loan and then give you all the bulls**t promises of easy repayments all lies.from London to Edinburgh logbook loans are a sham.id be happy to see them go bust.

If you want to get in touch with me please feel free I can tell you many a dodgy story about lbl and there underwriters.

GOOD GUY (Guest) Wednesday, 14 December 2011

I went to buy a used car,i hpi the car and saw it had a LBL on it, i asked the owner the value of this and the reply was £8000, i was paying £9000 for the car,they promised to pay off the loan immediately,needless to say they didnt and im now waiting for LBL to get in touch,what will they ry and do take the car back? i paid good money for this car and they are not having it,this is not my debt,will i need to get a solicitor or go to court with my bill of sale for this car? i will hide it till i get this resolved. a debt should stay with the owner of the debt,thats like me owning a car worth £20,000
I TAKE AN LBL OUT ON IT FOR £18,000 THEN SELL THE CAR FOR £20,000 I HAVE DOUBLED MY MONEY BUT I KNOW THEY DEBT WILL BE PASSED ONTO THE NEW OWNER OF THE CAR,BRILLIANT,I COULD DO THIS A FEW TIMES A YEAR AND MAKE A FORTUNE ON THE MISERY OF OTHER PEOPLES LIFES!
SURELY THIS IS ILLEGAL!!!

nigel green (Guest) Monday, 12 December 2011

i got a loan with LBL i have been arrest and threaten by this company they have taken my spare car key now log book loans saying they have not got it it will cost over £250 to get it replaced. this company need to be ban i am a witness to the OFT court case they put a clamp on my car and towed it about 70mile to a action house i had to get a taxi to get my car back that cost me over£80 at the time, i had a lawyer that just stopped my car from been sold i have stopped payments due to the FOS is now dealing with case and i have got a royal court of justice court order stopping LBL from taking my car full stop

Stephen Murray (Guest) Friday, 02 December 2011

Just picked up my car which is now damaged,90 miles away from my house,thanks to log book loans.bought a car privately in August,got home on tue 29th to find it missing!,wasted the polices time for them to tell me it had been repossessed.payed 450 pound to get car back,picked it up today to find it damaged and undrivable,they sent out someone to look at it but he was unable to fix power steering,they washed their hands of me at this point,it was their car but wasn't anymore,surely this is illegal?,I did nothing wrong...help please

Debtwizard Tuesday, 29 November 2011

If you need to ask a question or are looking for advice then please do this in the DebtWizard forum, see link at the top of every page.

You can copy and paste your text from below into the forum and I and others will do our best to help you.

We also have a good contact of someone who is dealing with Log Book Loans on a daily basis and representing numerous members of the forum. Unfortunately this page and section of the website is designed for information only and not answers so please go to the forum if you need more help.

Mike

done over and desperate (Guest) Tuesday, 29 November 2011

I bought a 2nd hand car privately in May 2011. At the end of Oct I left the house to discover that the car was missing. Reported it to the police and the insurance company. My claim was progressing smoothly and then...a month after the car had disappeared, I got a call from the police to say that they had found my car. Brilliant!. No - the car had been repossessed by a logbook loan company as a previous owner had finance on the car. I had paid £10 to have the car hpi checked when I bought it so was pretty sure this wasn't true. The police said that they had been shown the documentation and that they believed it to be genuine. This was a week ago. As far as they were concerned, their work was over as no crime had been commited. I have been in contact with the loan company who have said they have been trying to repossess the car for the past year and that they put a letter through my door when they took the car (they did not!). They say that for £1700 I can have the car back. However, we seem to be falling at the last hurdle and my instincts tell me that something is amiss. They also seem to be very keen to get the keys off me and are using allsorts of reasons as to why they need me to send them. I really feel I need some legal advice but don't know where to turn for help. Contact also seems to have dried up and I am not getting my calls returned. Can anyone offer advice or point me in the right direction? I need to get this sorted asap.

Kelly07x (Guest) Sunday, 27 November 2011

Please help I took out a logbook loan 11/06/11, got behind on payments for ill health of me baby lost my father a number of reasons, now just gettin back on my feet I phon to make a payment and they tell me its ben send to third party on that day, so tryed to ring but closed cant stop cryin need car as am a mobile hairdresser, I offered to pay half of my areas but they said it in Armstrongs hands, they are the third party, please advise me on whot happens next n weather il be able to pay them in instalments thsnk u

a very frustrated customer!! (Guest) Friday, 25 November 2011

i took a loan out for 1,800, some years ago. my husband came out of work as he has a heart bypass, so was £1600 a month down in wages. rang log book loans to explain and see if i could reduce my payments - didnt give a monkey's!!! got a different person everytime you ring. threatened to take my car, actually told me the recovery truck was on its way to the house and it couldnt be stopped - my husband was not aware of the loan so you can imagine my stress levels!!!

i was at work, he was at home. it didnt turn up but i received a never ending amount of threatening letters, i asked for a redemption figure on the loan, i was told £3,800, i only borrowd 1800 and had been paying it for 3 years!! what a rip off. they charge you for every phone call, every letter its not on. i was told that i was obviously unable to pay so i should let them reposess the vehicle, which due to new legislation this year would mean the loan would be payed off in full. i checked this at a further phone call, they agreed same.

but reading other blogs i am not sure this is the case, if anyone is thinking to so the same, get it in writing before they repossess otherwise you may still owe them a fortune. the staff do not seem to be consistent in the information they give, it seems to me they make it up as they go along.

They should be shut down!!!

SShll (Guest) Thursday, 24 November 2011

Hi Everyone saw this today hope this helps and fingers crossed they have to stop what they are doing. I borrowed £900 and have had to pay back nearly £5000

http://blogs.mirror.co.uk/investigations/2011/11/log-book-loans-caught-in-possi.html

unkown (Guest) Monday, 21 November 2011

I took out a log book loan with v5 logbook loans got into arrears had phone calls letters threatning noone wanting to help!! Anywayss... A stupid indian women from v5 was highly rude to me on the phone saying she wasn't going to help and was no sending the recovery truck round to get my car so I hid my car(mwahahaha) in a neighbours garage and left it their for weeks they were watching my house seeing wether I was going out were I was going!! More phone calls... I eventually comeup with the 500 quid arreas paid it into the bank two days later and them bastards had put over 1000 charges on the account couldn't take the stress anymore so a family member paid off the debt took v5 2 months to send my logbook back now 4 months on the cheeky bastards are writting to me trying to get me to get a new loan!! My advice never ever ever ever ever get a log book loan high rates rude and unhelpful services unreasonable payback amounts don't touch them!!!!!!!!!! And if they are coming to get ur car hide it in some one elses property that's not urs as they can't touch it!!!!

paul (Guest) Sunday, 20 November 2011

can you tell me if log book loans are legally allowed to take my work van.

Gemma (Guest) Thursday, 03 November 2011

I taken out log book loan in june and they have now taken my car for falling behind with payments and defaulting they have also added charges on for recovering vehichle and phone calls letters etc just wondering if there any way i can get my car back and belongings now they have my car

Gemma (Guest) Thursday, 03 November 2011

If any one reading this is thinking of taking out a log book loan DONT! they are robbing b******s they taken my car without me knowing for just falling behind with payments and would not negotiate with me to get upto date they are now saying i would have to pay £40 to get property back which was in the car and never even knocked me door to let me know they had got my car! they are sly and beneift off people desperate for cash and once you default they take your car straight away!!

Debtwizard Saturday, 22 October 2011

Hi Bryn

Any chance you can copy and post this on the forum? See top of every page for link, that way my advice will help many others as well, not room on this section of the site.

Thanks, Mike

bryn (Guest) Saturday, 22 October 2011

hi had a debt collector knock on my door 18october about 6.30 wanting to take my van away which i purchased in august 2011from a private sale they said log book loans own the vehicle.the vehicle was not here but they said they will come back.i paid £3500 for this and they want £2295 to clear the debit which is not mine .i also purchased it of a guy also not involved and not officially owned the vehicle please advise

Diane (Guest) Saturday, 15 October 2011

I have a log book loan and owe £900 if I pay it off now, I have 12 months left to pay. My car is totally broke cylinder head gone. I am currently not working and cant afford to fix the car or pay the loan. I want to hand the car over to MM to get rid of it all together. Will my debt be closed or will they expect me to pay the difference of their disposal and my debt.

Debtwizard Tuesday, 04 October 2011

Any chance you can copy and post this on the forum, see top of every page for link, that way my advice will help many others as well, not room on this section of the site.

Thanks, Mike

paul lawlor Tuesday, 04 October 2011

Hi Mike,

I was hoping you could help me i took out a logbook looan and borrowed £900 from them, when i took the loan out i was told that it would only be over 12 months and i could pay as much as i wanted off the loan each week to clear it quicker and if the loan was paid before the 12 months there would be no charge. Due to personal circumstances there have been missed payments but i have always been in contact with them over the arrears, when i asked if they could tell me what was left to pay i was told £1700 even though i have already paid £600 i queried this but got no joy, on top of this i am getting letters about defaults and the amount oweing is £3000 along with charges for phone calls that i havent had emails, text messages etc... when again i queiried this i was told no charges would be looked at by themselves until the loan is fully paid off, im £400 in arrears and they are threatening repossesion can you please help in any way many thanks

Phillip Tuesday, 27 September 2011

Does anyone know if lbl can reposess on just charges? Ive paid the loan off but owe 900 in charges and are threatening to take my van.

yasmin (Guest) Thursday, 15 September 2011

I owe 1000 for my log book I can't afford payments as I now have no job can I request a new log book and sell it to pay the loan back? Kind regards

samantha Wednesday, 07 September 2011

does anybody know what the outcome of the court case against logbook loans was ??

Sam (Guest) Wednesday, 07 September 2011

I foolishly took out a loan for £1000 in october last year with logbook loans..Repayments of £40 per week which i fell behind on because my boyfriend left me who i took the loan out for and refused to pay it back (what an idiot, i know !) ... Baliffs have been round to my parents address twice now to repo the car after being informed by myself over the telephone and by my parents that I no longer live at the address (causing strain on a relationship which is already iffy, plus stress to my parents who have medical conditions !) ... Ive asked can i make an arrangement to repay which was initially refused initially but was I was then told I would have to pay half of the debt (£1500) to stop repossesion and arrange further payments, which i clearly dont have.... Im 7 months pregnant and my circumstances have changed significantly since this loan was taken..In a conversation with company who are trying to take car, I enquired about the court case against the OFT and they confirmed that my contract was one which was in dispute as bill of sale was signed before a certain date ! The car is off the road at the minute, i tried to get the car MOT'd to put back on the road and have been told that the car is in need of repair which is around £2500 to fix ! If logbook loans take the car, they will no doubt not pay to fix before they sell and would probably either scrap of sell for a significantly reduced price, leaving me with the remaining debt still to pay....Please help someone, dont think I can take anymore stress regarding this ! :(

Micala (Guest) Monday, 05 September 2011

Hi Can you please help with my log book loan. I had lost my job and then been sick with a kidney infection. I have now startde a new job and contacted them today after a stinling letter from them to ask for a payment plan to be pt in place. They have demanded £500 from me by 6pm tonight or they will take my car.

Debtwizard Friday, 02 September 2011

Hi Stuart

if you copy and paste your question in the forum I will be able to help. See link above, top of every page on the website.

Best wishes

Mike

stuart (Guest) Thursday, 01 September 2011

I purchased a car privately in August last year, in September I received a letter from Log Book Loans to say that the previous owner had taken out a loan and signed a bill of sale, I had done a hp search on the Internet which came back clean but apparently a bill of sale doesn't show up, LBL told me that they wouldn't reposes the car as long as the debt was being serviced and that they would advise me if the situation changed, I kept phoning them to ensure this was still the case and they confirmed that it was, however in the very early hours today a company called Anglia came on to my property and took the car without our knowledge, can any one help?

Sarah Dudley (Guest) Friday, 26 August 2011

I have been very sick this year( and intensive care twice and flatlined) and my care needs increased dramatically(£8 PH)

MY DISABILITY CARRIAGE was SEIZED last snnhjunday at 5am by Logbook Loans and my carer was attacked by one of the Balliffs,

They had no court papers and after ME calling the Police, the Police handed my car keys to Balliffs and threatened to force me physically from my invalid carriage. Then allowed strangers to drive my disability class taxation which is illegal. Any advice? as they want full payment after just 7 months of amount £2800,

They will Auction it on the 30th August if I do not pay full amount and wont even consider any payment plan. I told them my circumstances had changed dramatically, but to no avail,

What is also illegal is all balliffs have to sign up and abide by CSA and NCSA rules who have to inform agents whether their client is a vunerable customer, also CANNOT OPERATE between HOURS of 9pm to 7am unless it is a traffic offence involving Balliffs and they have a court order from County court.

I need my invalid carriage back immediatly but am on disability BENEFITS and INCOME SUPPORT so cannot afford to pay whole sum of money or court costs. Even if I could go to a solicitor and get Legal Aid I cannot even afford phone calls or visits to find a solicitor.

Im severely Disabled,live in Basingstoke Hampshire, and phone number is (removed and retained by Mike) Can ANYONE offer free advise or Any form of HELP so i can get my invalid carriage BACK before AUCTION TAKES PLACE on 30/08/2011,Thank you so much if you can help in any way shape or form.

Debtwizard Tuesday, 23 August 2011

Dear Mr Harrison

Can you send me an email to mike@debtwizard.com with your contact telephone number and I will call you back, or telephone my support team on 0845 225 0025 and ask them to send your number to me.
Mike

Mr p harrison (Guest) Tuesday, 23 August 2011

Hi, I really need help to sort out a problem with logbook loans. It all started one morning when bailiffs turned up at my address and took away my car at 8am. I did not know what was going on and they said there was outstanding finance owed on the car from logbook loans. So after my car had been taken I phoned logbook loans and they said I have two options either lose my car and have it sold at auction or pay the outstanding finance of £880 to get the car back. I could not believe what was happening to me. Had owned the car for 18 months and had no warning that the car had outstanding finance. The loan was taken out by a previous owner back in aug 2009 and I bought the car in feb 2010 for £2000. I still have the logbook in my name. I have been to the police, social services, FOS and noone seems to be willing to help as the logbook loans own the car through bill of sale. I want my car back and I don't see why I should pay for someone elses loan. I only have 14 days to resolve the matter or the car will be sold at auction. If anyone could offer advice I would be much appreciated.

Mr J Pinion (Guest) Friday, 19 August 2011

Thank you, for the first time in months I feel I can breath again.
There is still a long way to go but at least I have a little hope now.

Mr J Pinion (Guest) Friday, 19 August 2011

I have received my log book back from Log Book Loans and it is in my procession. They have threatened to remove my car from my drive. Can they do this if I have the log book?
Also the car in question is taxed under the government disabled tax scheme. So it is only for the use of the disabled person in question. Can they take a car that is taxed under this scheme?

Dear Mr Pinion (Guest) Friday, 19 August 2011

Can you send me an email to mike@debtwizard.com with your contact telephone number and I will call you back, or telephone my support team on 0845 225 0025 and ask them to send your number to me.

Best wishes, Mike

Mr J Pinion (Guest) Friday, 19 August 2011

I have a logbook loan and I am been pursued for outstanding amounts on the loan with the threat of taking my car. I would appreciate any advise.

Sheena (Guest) Monday, 15 August 2011

Hi I have tried that link but not seem to be getting any where could ou please answer my question as I am really worried they will take my car away


Can you have a look at this link - www.debtwizard.com/forum/viewtopic.php?f=2&t=457

Debtwizard Monday, 15 August 2011

Hi Sheena & Kay

Please go to this link and let me know if you want to get involved -

Can you have a look at this link - www.debtwizard.com/forum/viewtopic.php?f=2&t=457

Regards

Mike

Sheena (Guest) Monday, 15 August 2011

I borrowed 1200 on my car from log book loans ibased inside cash generators I was really desperate and needed the money I have paid 1800 back I fell behind o. Payments and they demanded I have to clear the full arrears I couldn't then I moved address due to I'll health I only owed 800 from original agreement now they are demanding over 2000 for phone charges ,trace charges 350 and letter I am a single mum unemployed and don't know what to do help please

kay ashton (Guest) Monday, 15 August 2011

my daughter took out a loan of £650.00 from log book loans and due to her husband losing his job and being out of work for 3 months they have now clamped and repossesed the car demanding £2000.00,she is heartbroken her husband has now just got another job waorking away but has no car......its about time the government came down hard on these loan sharks

Debtwizard Sunday, 14 August 2011

Hi Nik

Can you have a look at this link - http://www.debtwizard.com/foru...?f=2&t=457

Can you help in anyway?

Mike

nik (Guest) Sunday, 14 August 2011

hi there, i recently took on a loan on my logbook, unfortunately i ended up out of work, and am now 2 months behind, i have since secured a new employment, but will not get paid for at least 5 weeks, i really don't want to lose my car, but I'm assuming these companies are a law unto them selves and they will just take it, sell it, and probably chase me for more money. is there anything i can do.

pot (Guest) Sunday, 07 August 2011

are logbook loans still in court if they lose will we get our v5 and keys back

Sharon (Guest) Tuesday, 19 July 2011

in bad need foulishly i got a logbook loan and have fell behind on payment, because am a single mum on benefits which they new about, am on a low income for me and my 2 children, i borrowed a £1000,I now owe nearly £2500, please can you advice me of what i can do ,am scared and i was desprite at christmas time, I have to pay £155 per month PLEASE HELP ME am worried sick making me ill.Thankyou

bill chivers (Guest) Sunday, 10 July 2011

went to sell car which bought from trader cant sell because money owed log book traders

Lisa (Guest) Sunday, 10 July 2011

Wonder if you could help. Took out a logbook loan with V5 on 22/7/10 for £7k. Agent "witnessed" the BOS. Paid almost £6.5k and then fell into financial difficulties due to work. They offered to reduce payments by half by cancelling existing agreement and taking another at £4.6k. Thought this was a new agreement with nothing owing from first. Agent came to my house and allowed me to go next door to have the BOS "witnessed" by my neighbour. The form was "witnessed" without the agent being in the same house let alone witnessing it. A week later, the clutch went on the car and as it was out of warranty, had to pay to have fixed. V5 agreed to extend the new loan to £6k and give me the £1.4k. Same thing happened as above with the agent being in my house whilst my neighbour (in her house) "witnessed" the BOS. They never checked wage slips nor bank details to see if I could afford the loan. I can't and have been unable to pay. They are now demanding a further £9988.97 to cancel the agreement on top of the £6.5k I have already paid on a £8.4k loan. All 3 BOS are registered with the High Court, but I believe them unenforceable as firstly, the initial agreement was "witnessed" by an underwriter and the second 2 were "witnessed" by a neigbour without their agent being present. Further, I believe, as with credit hire agreements, a notice of cancellation must be passed across at the time and signed as seen and understood before the BOS is enforceable. I have never received any and the documents only say that said notice will be sent to me. Under statute, I understand that said documents have to be provided at the time the agreements are signed? I want to sell my car and have been offered £12,5 for it, but can't sell it as I'll be left with nothing. I consider this is tantamount to loan sharking which is illegal. I am happy to repay what I owe, but it is inconceivable that I can owe almost double in interest on the loan I took out in less than a year. I have tried to get advice from the CAB, but you can never get through and also from solicitors, but they just say that V5 need an order from the Court to seize the vehicle (which I understand under the BOS they don't). Would really appreciate advice as the worry is making me ill and affecting my ability to do my job. I am emailing you too as I am desperate.

Debtwizard Thursday, 07 July 2011

Hi Laura

Can you leave a message with my support team on 0845 225 0025 with your contact number please. I would like to discuss this with you, or email it to me at enquiries@debtwizard.com

Many thanks, Mike

laura stacey (Guest) Wednesday, 06 July 2011

my vehicle was taken from my work place in december last year! livid i was had all my belongings in the car,they sold my car at auction in january and they even stole most of my belongings in the car. DO NOT take out a lbl. they will not do anything to help you if you fall behind they are still demanding £4000 from me for a loan of 800 even though thev sold my car at auction.

markus (Guest) Sunday, 26 June 2011

hi...ive also had a logbook loan...ive recently paid it off but they say i owe them 900 pounds in charges...does anyone know if they are legally allowed to keep my logbook until ive paid this off?

Debtwizard Tuesday, 14 June 2011

Hi Julie & Lynn

I am very interested in your cases, can you call my support team on 0845 225 0025 and leave your contact numbers for me please and I will call you back.

Best wishes, Mike

JULIE (Guest) Tuesday, 14 June 2011

I took a log book loan out and fell behind with my payments now they are demanding the full amount or my car

Lynn (Guest) Monday, 13 June 2011

I have s loan of £5000 with lbl they having been taking £300 per week I have fell behind with payments and asked for there help to reduce payments I have already paid thousands back.they want £12000 to pay it in full early it's either that or they said they will take my car please help

bobo (Guest) Thursday, 19 May 2011

I owe log book loans and cant afford payments have up front offered a lower amount they refused now they want 20%

nikki (Guest) Tuesday, 17 May 2011

stupidy took out a loan am behind by a month and they are threatening to take the car help needee

pot (Guest) Saturday, 07 May 2011

are all bill of sale being void

pot (Guest) Saturday, 07 May 2011

are log book loans still running as a company and are they going to court in july

del (Guest) Friday, 06 May 2011

I have being returned my keys and v5 from log book loans and also the hpi has being lifted due to bill of sale being void.

Debtwizard note

You read more on this important development on our forum, on this link http://www.debtwizard.com/foru...?f=2&t=370

Debtwizard Friday, 06 May 2011

Mike testing the page to clear up a clitch

kevin (Guest) Saturday, 30 April 2011

defaulted on logbook loan finance company took and sold my car but have not received anything in writing to say they have done this

Debtwizard Tuesday, 29 March 2011

Hi Karen

Would you be able to copy and post your query in the DebtWizard forum as your query will be really useful to others as well.

I have carefully selected panel of five experts in the industry that will help you, as well as me!

If you are already a member then all you need to do is log in as normal, go to the link top right of page 'forum' or go to www.debtwizard.com/forum and then choose a nickname. Then select ‘new topic’

If not then ‘sign up’ under the link top left on home page.

You can copy and paste your question there; I am often on the forum and will be monitoring it. I will also help you plan a way forward!

Best wishes

Mike

karen (Guest) Tuesday, 29 March 2011

i need some help about log book loans i have paid my loan but know telling me i owe £800 in charges what can i do.

Debtwizard Thursday, 10 March 2011

Hi Belinda

You need to go to the forum - http://www.debtwizard.com/forum and post your question, also see forum links on home page.

As you are already a member just log in and select a nickname and post away, remember to tick the box under the posting that permits you to be notified when someone else posts a reply.

Regards

Mike

Belinda  Thursday, 10 March 2011

I had a log book loan 2 years ago from Mobile Money, I have fallen behind with my payments and received a Notice of sums in arrears yesterday ( 9Th march ), The letter was dated 4th march but post mark says 7th march!!!!
The letter says if you have not already forwarded payment, please make payment for the full arrears balance stated above by return, To add, this is the only arrears letter that has been sent even though MM are saying they have sent loads and charged me, when the guys took the car i asked for a recipt and he scribbled on the back of a screen shot of my account and right at the bottom it states 04/03/11 Letter sent Notice of arrears (FIRST NOTICE).
At 2:30am this morning my little girl wakes me up crying saying there are 2 big men at our door taking our car and banging on the door and windows, I went to them and they said we are hear to take your car for mobile money give us the keys or will will smash the window and let the hand break off.
I explained that i had only borrowed 1000 and had all ready paid 3000 back, he said ring them in the morning and pay the arrears and we will bring your car back.
Well i did not sleep and at 7 started to beg and borrow the arrears to pay, phoned MM to be told NO we want 1400 to release your car, I am a working mum and need my car to get to school/work, No car No work! I just can not get to work after taking children to school in time. They do not care about people and looking back i took the loan as i was going to be evicited so in a panic just signed, I now have many Bills of sale and buy backs as they renew them every 6 months , I do not even no if the bills of sale have been registered in court!! Sarah i hope you can sort it out :-( I have been told i have 2 weeks to pay back the 1400 or they sell my car, i am worried what if i beg and borrow the rest and pay and they sell my car anyway :-((((((

Sarah Monday, 28 February 2011

I had a log book loan in November from mobile money, I'm a single mum of three, unemployed, I have fallen behind on payments due to current financial issues, the recent death of my mum and other issues, I called mobile money to let them know I would catch up with arrears and charges at the end of next month, they said not acceptable and if they don't have what there owed by end of this week they are taking the car which is my only access to visit my dad who is now alone, any advise please :(??

Ian (Guest) Wednesday, 16 February 2011

I was in same situation as Paul from march 2010.
I bought a car in good faith which turns out had log book loans intrest against it. In short I had to pay another £7000 or so to keep the car. This is a joke as it appears the person who sold me the car got away with not having to pay HIS loan.
He must have contacted dvla to get another V5 as well.
I contacted police at the time and they were not interested- why is this?.
I also heard that bill of sale and court stamp must be done within 2 weeks of loan being issued and I have both dates and it was more than 2 weeks.
In short, am I entitled to my money back?

Bill (Guest) Thursday, 18 November 2010

I am writing this as a third party after having seen what Log book loans are capable of doing to inocent party's. A young friend of mine borrowed £1,500 and after a few months missed some payments his car was taken from outside his home and after paying£1,800 to get this back.He then received a letter saying he still owed £3,500.He is a young lad with three young children unemployed. It also turns out that there has been men turning up at his elderly mothers door at 7am and 9pm asking for payment for her son this woman is a widow and lives alone. How dare companies in this day and age are being allowed to do this is terrible.
Something needs to be done.
The young man has offered to pay £20 per week and this has been turned down by LBL.

Debtwizard Tuesday, 19 October 2010

Leanne, Kez and Sophie plus anyone else that may interested.

The BBC are researching Log Book Loans and the damaging effect they can have on consumers if payments are missed.

For some consumers the only way to raise funds is to secure the money on their vehicle but this can often attract interest rates in excess of 500%. The government is also looking into the possibilty of banning such loans.

The BBC would like to talk to anyone that has previously had a Log Book Loan, missed payments and have had, or are about to, their vehicle repossessed.

If you feel you would like to help then please call Ceri on 0161 244 4868

If you are having problems then post on our forum to see what we can do to help you.

Mike

leanne (Guest) Monday, 18 October 2010

llb have just sold my car at auction after taking payment to release it . they sell any cars they repo through manheim uk . my friends dad went to try to buy it back . they are crooks they pray on people who are struggling then drop on them from a great high all because of loop holes in the system . from start to finish its a farce . they know ppl who get loans with them cannot afford to take them to court .

Debtwizard Wednesday, 13 October 2010

Kez

You need to post this question on the DebtWizard forum, see link on home page and we will see what we can do to help you.

Best wishes

Mike

Kez (Guest) Wednesday, 13 October 2010

Hi, I have had a logbook loan and tried my very hardest to keep up all the repayments. I have paid thousands back on around a £1K loan. I am now disputing the telephone charges which I was never told were added to my account! I only owe around £260 but I am being hounded by them for this - is there anything I can do to stop it???

leanne (Guest) Saturday, 09 October 2010

i got a lbl in nov 09 for 1k i had a accident resulting in a operation which went wrong i now cannot walk unaided i lost my job and phoned lbl they adivsed me to sent in medical notes which i did for 6 months then out fo the blue they turned up and took my car at 9.30 at night sayin if i paid 1079 . i could have my car back which then went up to 2330.00 in 6 hours then back down to 1100 and 80 per week . i paid the 1110 on wed last week but they still will not tell ,e where my car is .. they are crooks and they need stopping . its making me ill i had to borrow the 1110 and still no further forward .

Debtwizard Friday, 08 October 2010

Sophie

Why don't you post your problem on the DebtWizard forum - http://www.debtwizard.com/forum/viewforum.php?f=2 and we will see what we can do to help you.

Mike

sophia (Guest) Friday, 08 October 2010

I took out a £800 loan against my car early this year...unfortunately I fell behind with payment. My car was repossessed and I had to pay £1500+ to get it back. Now a month on, I get a call from them telling me I still had £1700 owing. HOW??????? DO NOT GET INVOLVED WITH THIS COMPANY. They are rip off merchants and crooks. I want this company banned and put to shame, they will make your life a misery. This is not right and I'm sure they are operating illegally.

Debtwizard Monday, 04 October 2010

Jonathan

Unfortunately you cannot include the log book loan because the money you borrowed was secured against your vehicle. I take it you have handed over a spare set of keys and the log book?

Good luck with the IVA, I have a link here for more questions and answers, the pros and cons of an IVA. http://www.debtwizard.com/debt...rrangement

Best wishes

Mike

jonathan (Guest) Monday, 04 October 2010

i am about to go on an iva but i am concerned logbook loans cant be included, can they or not?

vicky (Guest) Friday, 24 September 2010

i have just bought a car that is a v reg cleo.
Then started to recive phone calls and letters demanding money or they will take the car from me from log book loans.
Tha owner befor me did a credit cheak and nothing showed up on it but they say they dont care, im a mum off two young children my partner lost is job and we have no money and no one will help us, this is someones loan not ours but we are having to pay for the car again and more or lose it.
They are a rip off and they do not care who pays there loans off as long as someone pays it.
They are rube and aggesive.
This company if you can call it that needs to be shut down !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

daf (Guest) Monday, 20 September 2010

I've tried to find out what has happened to their appeal but I did not get anywhere? Does anyone knowm if they are still legal? My advice to anyone is to hide their car. Its not funny, but I do have a sense of satisfaction driving them up the wall. I don't have a loan with them but I have advised people what to do.

Lil (Guest) Thursday, 26 August 2010

Hi Can someone tell me if there is a loophole to get out of one of these loans? I took one out a year ago for £2,300, have paid back £3,000 and have another three years left on the loan!! Any ideas? I didn't read the agreement properly at the time as they refused to send it to me so I had to do it on a lunch hour, by the time I had got there and back I had 30 minutes, not really long enough to read the small print and was not made aware of how much I would be paying back, they just used complex financial jargon to reassure me I was doing the right thing! Thanks

Debtwizard Sunday, 22 August 2010

Hi Christine

Why don't you copy and paste your comment on the forum, see top right of every page for link, we will then see what we can do to help you resolve this.

Best wishes

Mike

christine b (Guest) Sunday, 22 August 2010

we took out a logbook loan , and fell behind with payments , we tried to arrange lower repayments but the firm would not have it , due to us both ending up unemployed we could not pay , and to make ends meet we had to sell the car , i know we should not have done this but we were desperate, this firm is now threatinging my partner , he started new job 2 weeks ago and they are now following him , this could make him loose this job

mrs c (Guest) Friday, 20 August 2010

i have a log book loan and i have been having trouble keeping up the payments i borrowed £1500 and they say i owe £7500 i have paid £2500 and they say i still owe £5000 i have hidden my car because i will not let them take it i offered them £50 a week and they said no i am unemployed at the moment looking for work but when i start back to work i wont be able to use my car to get there and back and i have a 6 year old child

pot (Guest) Wednesday, 28 July 2010

are logbook loans still running as a company

daf (Guest) Saturday, 24 July 2010

I do not have any dealing with log book loans myself, but I have dealt with them on behalf of third parties. My advice would be to hide the car, state that you call the police and bring harassment charges, trespass and possible criminal damage. In one day I recieved over 4 calls and I was shouting at them not to pester my parents who did not have an account them. Another example of their behaviour would be to attend at my parents', late at night around 9pm with four men. This was frightening for my parents' in light of their age, and their rural enviroment.

daf (Guest) Friday, 23 July 2010

What is happening with Log book loans? I thought that they had had their license revoked, the appeal prcess seems to be taking forever.

Debtwizard Thursday, 22 July 2010

Hi Daz

If you are unhappy with the way this particular firm is handling your 'log book; loan then go to Trading Standards (TS) on this link http://www.tradingstandards.gov.uk/ or call Consumer Direct on 08454 04 05 06.

If TS receive several complaints then they invariably end up paying them a visit to examine their policy.

Any more problems then post on our forum, see top of every page for link.

daz (Guest) Thursday, 22 July 2010

ive just took out a log book loan. I really wish i didnt now theyve already phoned me 6 times sent a letter to my parents adress and my 1st payment isnt due till tommorow. There is a cancelation time however of 7 days after you take the loan out. You dont need to pay it back straight away though you have a further 7 days to do this, although this will absolutely skin me its better than get constant hassel of these people and paying 3 times as more than the 500 i borrowed.

Debtwizard Friday, 09 July 2010

Hi Zoe

Why don't you copy and paste this question on our forum, here I have five experts and me and we will see what we can do to help you. Have some ideas.

See top right of every page for link, or on home page as well.

Best wishes

Mike

zoe plant (Guest) Friday, 09 July 2010

i borrowed thousand pound against my four thousand pound car missed payments they clamped my car .i phoned them to ask how much i need to pay to get it inclamped the sum was seven hundred pound over i told them id try get the money in half an hour which i did phoned them back they then told me it had gone up by another three hundred pound ,which i could not find .they reppossesed my car .they now took me court wanting two thousand five hundred pounds how do i stand

Debtwizard Friday, 14 May 2010

Hi Anthony

If you posted on our recently launched forum we will be able to give your friend some advice. The forum launched on the 24th March and we already have over 120 members and over 12000 views.

I have carefully selected panel of five experts that will help, as well as me!

You can find the forum link at the top right of every home page.

You can copy and paste your comment there; I am often on the forum and will be monitoring it.

Best wishes

Mike

anthony (Guest) Friday, 14 May 2010

my friend has used log book loans an fell behind but is getting charged 12 qpound every phoned call is this allowed they phone every 3 days some time an send letters out as well charging 12 pound as well total of 49 letters an phone calls alltogether the loans was for 940 two years ago an stilll owes 1,680 after two years can they charge this much on calls and letters coming to a combined total of 588 pound. thanks

Mohammad (Guest) Wednesday, 17 March 2010

Hi, if the government bans Log Book loans, then what will happen to all the people who have taken loans from them securing there car ? I have used LBL twice, they are handy, expensive but in my credit history they are the only ones who have helped and have been great with me !!

What is the latest on them, are they being shut down or not.

Thanks

Debtwizard Tuesday, 09 March 2010

Paul

It is a criminal offence for someone to sell a vehicle, without the owners consent, when it is on finance. If you do eventually lose the vehicle then after this happens, and not before, you may wish to report the matter to the police, they will in turn approach the Logbook loan company.

Good luck

Debtwizard

paul (Guest) Tuesday, 09 March 2010

Hi I bought a car from ebay which i thought was a good price. 3 weeks later i got a call from a debt collecting agency saying there was outstanding finance on it. this came out to be logbook loans when i asked the debt collecter what this was about he told me it was the 3rd time this person had taken out a loan and sold on a car. and they would be coming to collect. and there is nothing i could do about it because of this loop hole in the law that log book loans uses. I was stupid not to hpi check and have leart the hard way.But what suprises me more is these type of loan sharks are legal 400% apr what a joke most of the borrowers never intend to pay it back because they just dont care.Its not like they can go bankrupt twice is it.Im stupid or just to trusting the hard working honest man suffers again because of the scum. And yes im bitter!!!!!! debt collecters will have to look hard for this one though!

Debtwizard Sunday, 28 February 2010

Harim

Have you contacted Trading Standards as they may be very interested in your case in particular to if the firm you went to is under investigation? They may help you go through the agreement to see if it is fair.

In any event the debt is now unsecured and can be included in any repayment programme such as IVA or DRO or Debt Management Plan.

Also understand your rights as a consumer, see this link http://www.debtwizard.com/debt...guidelines

Best wishes

Mike

harim karim (Guest) Friday, 19 February 2010

hi i took out 850 pounds a log book loan 2 years ago and i couldnt keep up my payment and they took my car of me and sold it and they still want 1900 pound of me thats not fair