Blemain Finance - high charges and fees after end of term of loan

[amd1234]

We have had a loan with Blemain finance for £30k which i will openly admit we didn't run very well initially and had missed payments, put payment plans in place etc which were broken, however I am in absolute disbelief that I have been told that even though we have completed the 99 month term of the loan we are left with £14775 in fees and charges, this is nearly 50% of the original loan amount, it really doesn't seem right to me, I have tried the ombudsman who said that when the loan was taken out it was unregulated so there is nothing they can do, can anyone help, this can't be legal surely!!!

[suffering]

Re: Blemain Finance - high charges and fees after end of term of loan

first thing you need is a full understandable breakdown of the charges, send them a strong email (so you have a record) dont be afraid to upset them, you need to worry them, ask for the all information relating to the charges as you, are aware that the company has a history of unlawful charges and believe they are excessive and you are going to take legal advice. Forget the ombudsman they are usless. If you put enough pressure on them they will start deducting the excessive charges

[amd1234]

Re: Blemain Finance - high charges and fees after end of term of loan

Thank you so much i have asked for break downs before and they just don't make sense at all, but will email them now

first thing you need is a full understandable breakdown of the charges, send them a strong email (so you have a record) dont be afraid to upset them, you need to worry them, ask for the all information relating to the charges as you, are aware that the company has a history of unlawful charges and believe they are excessive and you are going to take legal advice. Forget the ombudsman they are usless. If you put enough pressure on them they will start deducting the excessive charges