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Log Book Loans

Carry out security data checks We welcome the news that Financial Conduct Authority is taking a closer look at the issue of Logbook loans. Operating under the Dickensian laws of "Bill of Sale", these loans often don't show up on the usual finance checks, and the "lender" doesn't need a court order to repossess the vehicle, they can effectively turn up with a recovery company and seize the vehicle. Citizens Advice recently expressed concerns that up to 60,000 logbook loans could be Read More...

Employment Tribunal Changes

New rules aimed at reducing the number of employment tribunals have come into force. Under these rules, which came into affect on 6th April 2014, staff or employers will be required to seek advice from ACAS before having access to a full tribunal. Staff wanting to bring a case of unfair dismissal or discrimination now have to first notify the conciliation service ACAS to see if the dispute can be resolved. ACAS, which stands for Advisory, Conciliation and Arbitration Service, was Read More...

Lawdata has relocated

Lawdata has completed its relocation and is expecting a fantastic years trading! Our new address is - 35A Saffron Road, Biggleswade, SG18 8DJ We've also just launched our brand new website! Read More...

Consumer Rights Regulations 2012

Payment Surcharges We've had reports of some local Trading Standards departments starting to take action to enforce these regulations which came into force on 6th April. It is now unlawfulto seek to charge a customer more for a particular payment, than it actually costs the trader to process that payment. In practice that means Dealers can't charge more for taking a credit card payment, than the Credit Card company actually charges for the payment. As such we would recommend you obtain a clear Read More...

Title to Vehicles

"Subject to Finance"? Avoid an expensive and unnecessary mistake The Legal Helpline regularly receives calls from dealers who have purchased a vehicle in good faith only discover that it is "subject to finance". Firstly, is the vehicle really "subject to finance"? Traditionally many vehicles have been financed using either a conditional sale or Hire Purchase Agreement, under both of which the title passes from the supplying dealer to the finance company.  As such the finance company own the vehicle until the finance is Read More...

Check Your Credit Licence

Make sure it is up to date All clients are urged to check to ensure that their Consumer Credit Licence details are correct; in particular that they cover all trading names including any website domain names and at least categories A, C, D and E. The categories are written on the licence. You must inform the OFT of changes to your information within 28 days as failure to do so may result in a financial penalty of £2,000. The Office of Fair Read More...