anyone dealt with logbook loans?

bertyboo

Hi. has anyone else ever had a loan with logbook loans? i took a loan out with them, i have re-paid loan in full, but they still asking for money, so-called interest on fees for letters sent during my loan period, i am having to give them £20 per wk, to stop them trying to take my car. can anyone advise?
desperate to get these off my back.

Dylanwing

I once looked at their website - Lets just say that I was not tempted in the slightest at 336.8% - Even higher than Provident.
Sorry, not the most useful reply ever. I hope you get it sorted as it really sounds like they are nasty sharks. Any mention of any regulatory body who you may be able to contact on any of the documents?

bertyboo

I don't think so, they already tried to take the car once but i drove off in it and they chased me for about 5 miles,everytime i ring up to ask how much i owe they put more money on, even though i am paying £20 a week, would watchdog help????:mad:

shellsuit

How much was the loan orignally and how much did you repay in total??

I'm assuming you have a record of all payments made?

bertyboo

loan was for £700, paid back £1400, i was desperate, when you desperate you do silly things, yes got proof of all payments.

shellsuit

bertyboo wrote: »

loan was for £700, paid back £1400, i was desperate, when you desperate you do silly things, yes got proof of all payments.

I don't know how they work, how do they collect your payments?

Surely when you made your last payment, that should have been it?!

bertyboo

i thought so too, they say it's for letters and communications through out the loan at first they said i owed £476, they reviewed it and knocked £20 off ha ha what a joke!! now they say i still owe £1000. was paying by standing order or payment book, they keep you log book, which they won't return, but i have got a replacement from dvla.

shellsuit

bertyboo wrote: »

i thought so too, they say it's for letters and communications through out the loan at first they said i owed £476, they reviewed it and knocked £20 off ha ha what a joke!! now they say i still owe £1000. was paying by standing order or payment book, they keep you log book, which they won't return, but i have got a replacement from dvla.

Ruddyhell, that's shocking!!

Can't you get copies of all the standing order payments made plus copies of the payments recorded in the payment book and send them off to them??

Surely they must have a breakdown to show how they have got you down as still owing 1K??

shellsuit

Jesus!! Just googled them and found this, have a read and see if any of it helps you (you have to scroll down a bit to the first post)

http://www.consumeractiongroup.co.uk/forum/vehicle-retailers-manufacturers/25749-log-book-loans-can.html

Good Luck!!

tango

shellsuit wrote: »

Jesus!! Just googled them and found this, have a read and see if any of it helps you (you have to scroll down a bit to the first post)

http://www.consumeractiongroup.co.uk/forum/vehicle-retailers-manufacturers/25749-log-book-loans-can.html

Good Luck!!

Just read alot of that,what slime balls they seem,hope it all gets sorted,keep plugging away,do not give up until it is..maybe PM martin?
I had a nightmare situation with FIRSTPLUS and others.... clear now but I remember how it was,good luck x

bertyboo

had a look at that, was amazed to see so many more people being ripped off by this company, i am now going to try and take some action as i not putting up with it no more, they need to be stopped, have emailed watchdog, maybe they might investigate you never know! anyone else with any advise please respond all help needed. Thanks.