Complaint Review: Log Book Loans - London Nationwide
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- Author Confirmed
- Log Book Loans Bridge Street 34a Deodar Road Nationwide United Kingdom
- Phone: 087-0339531
- Web:
- Category: Loans
Log Book Loans You will lose your car with this company London Nationwide
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This company is operating within a grey area of the law and are completely dishonest.The first thing to be aware of is that YOUR CAR IS "SOLD" to them by way of a BILL OF SALE. Yes that's right "SOLD" to them. An interest in your car is registered by them and you no longer own your car. Yes you can drive it until the loan is paid off but remember too that the repayments are quoted in "WEEKLY" terms. So if you are told that each payment is 52 you can multiply that by four.Every time you miss a weeky payment they will send you a letter and tell you that you are charged 12 for it. The APR on the loan is a staggering 450% so if you take a so called "Loan" from them of a grand 1000 you will be paying back 4500.
The crap I have had from them is just too numerous to mention and all I can say to anybody out there looking for a fast loan is.......DON'T DO IT WITH THIS COMPANY.
They want your car and they will take it plus you will never ever get back any of the monies you have paid them or the car back.
Google them and see. There is a lot of talk on forums about them. Just don't go near them.
Roy L
London
United Kingdom
This report was posted on Ripoff Report on 05/21/2009 06:06 AM and is a permanent record located here: https://www.ripoffreport.com/reports/log-book-loans/nationwide/log-book-loans-you-will-lose-your-car-with-this-company-london-nationwide-453966. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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