terry mardi

I might be doing a deal with a car tomorrow against my bmw but I'm a bit concerned about these log book loan things.

How would you check to see if a car has a log book loan taken out on it?
I'm sure I read somewhere that a hpi check doesn't show whether it has or not

rallycross

The only way to check for a log book loan is to find out from the DVLA when the last log book was issued.

If you have the last issued Log book then it's clear of log book loan high interest scum loans.
If the log book is not the most recent then it could have a log book loan, no way of finding out as HPI/Experian do not have access to log book loan records yet.

terry mardi

Good advice. I don't have my log book to hand but does a logbook have a date of issue on it other than the date of purchase? ie, if the car was bought on 1/1/12 then the owner applies for another logbook say 6 months later will the new logbook have an issue date of say 1/6/12?

MikeyRobbo

Date of issue is not written on the log book but the DVLA can tell you when the last one was issued. The day the DVLA print and post it is the day it was officially issued.

RS2000CUSTOM

Yes it is !!

Open the log book up and look on page 2

Bottom left hand corner and you will see a date

This is the date that particular V5 was issued

RSGARETHW

iTrader: (3)

Good work dave !!

Ginge !

Don't count for logbook loans as they don't send it off till it is there's and then I didn't think trade cars register on logbooks ?

bluescortcossie

the law has now changed , the contract is tied with the person not the car so they "shouldn't" be repossessed off a new keeper ........ but ...... they still do and get chucked through the auction sharpish , the loan company orders bailiffs to "snatch on sight" and clear off quick even though they now cant !

Psycho Warren

iTrader: (5)

and let me guess, the police don't know the law either and will say its "a civil matter" if you report it as theft

bluescortcossie

pretty much , it can be fought through court but ends up costing a fortune

bluescortcossie

I've got a mate who is a bailiff and i sometimes do a bit , they instruct us to find the car and try to figure out where it is and a what times but not notify the new keeper , then they will just order it to be dragged on the truck with no keys and delivery it straight to auction

Psycho Warren

iTrader: (5)

surely if you knowingly take a wrong car then you are committing TWOC, plain and simple, regardless if its "ordered" by your boss. And by delivering the car to an auction that has been knowingly taken in that way then that is an additional offence of handling stolen goods.......

And technically you are only a "baliff" in law when acting on behalf of the court as a court officer on a court ordered warrant.

too many debt collectors misuse thier baliff identity when on non-court work to scare people.

Any other time you are merely a debt collector and have pretty much no legal powers whatsoever.

I really dont get why the police arent involved in these kind of cases more.

Fil

Thats a bit shit and out off order, should be going after the person who took the loan and nicking his shit to sell!

stevieturbo

Because they is cuntz ? A case like car theft, handling stolen goods might involve some work. God forbid they'd ever get involved with something like that.

Ginge !

The owner of the car is the log book loan place though, the old owner is the one committing the offence for selling a car they no longer own !

What kind of knob gets a log book loan anyway as the interest on that is stupid that you would be better off selling the car and sort your fucking life out for the future !

Psycho Warren

iTrader: (5)

Ginge i call them "stupid people loans", "mug loans" or "poor idiot loans" which kind of sums up the loosers and idiots who use them.

IMO there is no place for such credit facilities in our society.

Ginge !

it sounds judgemental which i hate but honestly unless you have a addiction problem you dont need a loan like that

scoooby slayer

iTrader: (4)

thats terrible really tbh.
i had a lodger years ago he had some debt and i had bailifts on my door while i was at work, my lodger answered the door and they said to him "we are taking goods from this property to the value of ££££" so he phoned me with them in the house very intimidated, luckily i only worked 10 mins away so i told them on the phone to get out of my house and if they are in my house i will be throwing them out the front door when i get there, when i arrived home they had left, good job as i was armed with a 24" adjustable spanner and not happy !

my lodger was a geek and he was so intimidated he just let them in my house as they said they had the power to come in and take what they wanted from where he lives to cover his debt.

terry mardi

I've been reading some right horror stories about these kinds of loans - shocking!

scoooby slayer

iTrader: (4)

100% agreed

Nath

I can see why they stopped this cr4p going on.

It's bad enough if you buy a car owing finance on it although the HPi facility should register it but these loans don't register on there do they? It must be fairly easy to whack a log book loan on a car, draw the money, then sell on it knocking the loan company.

Thinking about it, if you were a dodgy dealer or whatever, you could sell vehicles which "have" a log book loan, the new keeper then loses the car to the "debt collector". The the car goes to auction and makes more than the pretend loan and hey presto, instant money Fucking scoundrels!

It probably explains why they'll snatch the car and throw it in the auction as the costs for the new owner to get the car back would come to a few quid and no doubt the Police wouldn't be interested as it involves some "Policing" work and no fine collecting.

Did you do a deal in the end on your car after all this?

terry mardi

Not yet bud, it's a Renaultsport Megane R26. I'm having a think about if it would make a decent daily driver or not.

MikeyRobbo

The joys of used cars! And the risk you take!

Quite worrying to think you can't even buy yourself a car with your hard earned without the worry of some bailiffs just coming with a truck and dragging it away! Then the people in the auctions who buy this cars not knowing where its come from. Shocking society we live in today!

Psycho Warren

iTrader: (5)

Debt collectors will in almost all cases lie through their teeths and say anything to co-erce a debtor to pay some money. many individuals are on low basic rate pay plus commission. Same with the companies in many cases.

People need to understand that debt collectors have no powers unless you are dumb fuck enough to let them in.

You can tell all debt collectors to fuck off and they can only force entry to take your goods after theyve been to court at least twice. Once to get a county court judgement and the second time to have the judgement executed by a baliff.

Even then the courts very rarely allow forced entry for unsecured private debt. Its only usually council tax or fines that they are likely to go for forced entry and even then its rarely used. They are more likely to just have you arrested.
to be fair, i don't see a problem with being judgemental where it is justified. Such financially irresponsible behaviour is one example.

You read it all the time with fucking mongs taking out such a loan in some stupid form of desperation. Funnily enough next month they have less money due to repaying the loan so take out another one to make up the shortfall. cue a couple of months and they have multiple loans with multiple lenders and are totally peniless and faaarrr worse off than before.

And the stupid irony is that the initial £100 they though they needed, they could have saved in that time usually several times over and not be in a world of shit.

it requires a few seconds thought to work it out. It speaks very badly on our society that the "masses" are unable to make such simple thoughts when it comes to finances.

Yet supposedly our educational standards are better than ever yet so many cant do basic arithmetic needed for financial budgeting.