Treasury acts to change unfair law around logbook loans

Log book loans can be thing of the past

…to protect buyers and borrowers alike. Stephen Lewis, Law Commissioner for Commercial and Common Law, said: “This is great news for car-buyers. Every year many were unwittingly purchasing second hand-vehicles…

Protecting consumers from unfair logbook loans

…Lewis, Law Commissioner for Commercial and Common Law, said: “Borrowers are increasingly turning to logbook loans to raise cash, but many who default rapidly find themselves out of pocket and…