Greedy loan companies are charging borrowers interest rates of more than 400 per cent - then seizing their cars when they miss repayments. The lenders target low-income families and people with poor credit records, offering loans against the their cars. If borrowers default on these loans their cars are repossessed. Father-of-three Alex Robertson, 47, took out a £600 loan with a company called Log Book Loans against his Ford Capri, worth around £1,000. You need Flash Player 8 or higher to view video content with the ROO Flash Player. read more