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logbook loans

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campez
campez Posts: 13 Forumite
does anyony have any information on logbook loans and how long before they take your car they are making my life a misery :confused:

have logbook loans took your car and ruined your life 14 votes

yess
21%
seeya23AbbeyDhabicampez 3 votes
no
78%
cifpowerEmmzibikerqueenCHR15[Deleted User]Apples2Typhoon2000R0bert_SterlingNicheselecta_csp1987 11 votes

Comments

  • Apples2
    Apples2 Posts: 6,442 Forumite
    no
    Have you considered making all the payments like you signed up to??

    If you don't repay your logbook loan, they keep the car...... simples :):)

    The clue is in the title.
  • no
    When i signed up for my Logbook loan i did so on the understanding that i would pay x amount of pounds 12 times and after the last payment my logbook would be returned to me.I kept to my end of the bargain and guess what.......my logbook was returned within the week after the last payment.
  • ~Brock~
    ~Brock~ Posts: 1,715 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I haven't participated in the, er, survey at the head of this thread because it seems a bit pointless.

    If I was to answer the stated question I would simply tick 'No' because I have never used their services. So would, I imagine, 99% of the rest of the members of this forum, which would hardly give the outcome I suspect the OP is looking for.
  • Emmzi
    Emmzi Posts: 8,658 Forumite
    1,000 Posts Combo Breaker
    no
    what if they took your car and didn't ruin your life?

    I hate polls with bias in the question.
    Debt free 4th April 2007.
    New house. Bigger mortgage. MFWB after I have my buffer cash in place.
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