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Log Book Loans
Hi, I brought a vehicle from a private seller, the car was free from finance - got this confirmed by Log book loans. They received payment 5 wks prior by cliens boyfriend. So this gave me the green light to buy the car from the seller.
4 months down the line the car was taken away from me by LBL. The reasons behind this was that the boyfriend contested payment and got his money back. So now LBL are thousands out of pocked as they cannot find there client... instead they done a check on the car and found me the new owner... without warning they collected my car @ 6:45am and said it was theres due to the outstanding finance.
Anyway it now turns out that they are saying to me that the day I rang them to see if the finance was cleared that they said they will hold a interest in the vehicle for 2 months... I do not recall them saying this... otherwise I would not of brought the car.
Anyway my Q. is can they still hold a interest in the car, even though the loan was settled nearly 2 months prior? If so, how long can they hold interest for?
Thanks
Luc1
4 months down the line the car was taken away from me by LBL. The reasons behind this was that the boyfriend contested payment and got his money back. So now LBL are thousands out of pocked as they cannot find there client... instead they done a check on the car and found me the new owner... without warning they collected my car @ 6:45am and said it was theres due to the outstanding finance.
Anyway it now turns out that they are saying to me that the day I rang them to see if the finance was cleared that they said they will hold a interest in the vehicle for 2 months... I do not recall them saying this... otherwise I would not of brought the car.
Anyway my Q. is can they still hold a interest in the car, even though the loan was settled nearly 2 months prior? If so, how long can they hold interest for?
Thanks
Luc1
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