Refinance existing car HPI before repossesion..

Apples2

I don't think the terms "Logbook loan" and "Silver Lining" belong on the same page.

I hope that works out for you but I can't help think, "Out of the frying pan....."

PNPSUKNET

I thought that cars had to hpi clear to have a logbook loan?

markhamilton

PNPSUKNET wrote: »

I thought that cars had to hpi clear to have a logbook loan?

Yes and no, I have told the loan company what the score is and they will be dealing direct with them after they have received the log book. It was actually link financial(the repossession company) who told me about them in the first place....

ilovebanksMCMLXXXI

markhamilton wrote: »

Yes and no, I have told the loan company what the score is and they will be dealing direct with them after they have received the log book. It was actually link financial(the repossession company) who told me about them in the first place....

Go careful mate - you're now sending the logbook of your car to an organisation suggested to you by a debt collector who is trying to come after you for outstanding car finance.

Just be careful what you sign because you could be signing something you don't want to be putting a signature on.

The reason why this raises my concerns is that if you didn't meet the repayments on your Loogbook Loan (not saying you won't but if you didn't) then the loan company won't be in a position to come and take your car away because it's not yours at the moment - i.e. you still owe money on it.

I'm sure you know what you're doing and I'm not privy to the ins and outs but just double check all the paperwork involved.

Best of luck