Blemain Finance

[nacholibre]

Re: Blemain Finance warning

ust a warning to all of you considering blemain finance as a loan company.

i made the huge mistake of using this company , reccommended to me by ocean finance. the company insist i take out a joint loan with my wife. i thought nothing of this -until i missed a payment. what blemain do is their small print states that they can ring or mail you upto 4 warnings per month at £35 . what they mean is 4 times per person even though its the same loan. This is a max of £280 charges per month, which when disputed, they state is reasonable as they have capped it to 4 per month. i has 2 letters and 2 calls on the same day.

i lost my job and asked them to defer the payments or part payments until i was back at work. they issued a summons to reposess my house in response.when i questioned it with them at monarch recoveries ( their in house debt collectors), they said they going to 'take my house'

the small print states that if you dont provide them with a copy of your house insurance by a deadline, they will charge you an inflated insurance to cover the house and charge it to your loan. i sent it but they claim they never received it . my house insurance is £230 per year. they charged me £634 and refuse to send a copy of the cover they state they are providing me with.

i asked them for a breakdown of charges so far on the account. they sent me a statement of repayments so far without the charges being listed. six requests so far and nothing forthcoming.

i have since got back on track and intend speaking to the fsa about them but blemain will not send me a list of charges , as i suspect they know it will be damning.

if you are with blemain already - send everything by recorded post as they will deny receiving it, and insist on a list of charges. good luck
if you are not with blemain yet -you have been warned.THIS IS NOT THE ONLY GRIPE ABOUT THEM ON THE INTERNET.

THIS POST IS FACTUAL AND IS IN NO WAY SLANDEROUS/LIBELOUS. I AM HAPPY TO PROVIDE EVIDENCE OF THE CONTENT.IT IS MEANT AS A WARNING TO OTHERS

[Paule]

Re: Blemain Finance

Gosh sorry Pkea, I hadn't realised that the name of the company would automatically come up as a link; not advocating them in any way and was disappointed that they are a claims company!

lol, no probs, dont worry about it

[magiciansgirl]

Re: Blemain Finance

I know about this. I rang Andrew Oaks at Capital Law in February. He told me that there is no class action. Basically a claims company called givememymoney are using Capital Law as their preferred solicitor on a number of cases, some of which are with Blemain. He said very little had happened then as Blemain were not coming up with paperwork - quelle surprise. Although I had said I was not interested, I then received an information pack from the Givememymoney people and they charge 25% of anything they get back plus a 'telemarketing' fee of £100. Sorry to dash any hopes.

Gosh sorry Pkea, I hadn't realised that the name of the company would automatically come up as a link; not advocating them in any way and was disappointed that they are a claims company!

[grimbell]

Re: Blemain Finance

Hi magiciangirl

That's a shame I was really hoping someone was going to tackle these barstewards.

[magiciansgirl]

Re: Blemain Finance

I know about this. I rang Andrew Oaks at Capital Law in February. He told me that there is no class action. Basically a claims company called givememymoney are using Capital Law as their preferred solicitor on a number of cases, some of which are with Blemain. He said very little had happened then as Blemain were not coming up with paperwork - quelle surprise. Although I had said I was not interested, I then received an information pack from the Givememymoney people and they charge 25% of anything they get back plus a 'telemarketing' fee of £100. Sorry to dash any hopes.

[trusco]

Re: Blemain Finance

No reply as yet....Ill chase up again.

[grimbell]

Re: Blemain Finance

Hi trusco

Have you managed to get an update?

I did e-mail Capital Law about this but have not had a reply.

[grimbell]

Re: Blemain Finance

Hi trusco

That would be very interesting but I don't know if this would be anything to do with hidden commission as the broker they stated was phone a loan and I as far as I remember the application was done in one phone call directly to BF.

What I am concerned about is the change in interest rate and the £1300 in charges that are having the same rate of interest added.

[trusco]

Re: Blemain Finance

If you are talking about "hidden commission payments" i seem to remember a bloke by the name of Andrew Oaks of Capital Law (Cardiff) putting together a Group Action against the likes of BF. Ill get an update from him next week to see what progress (if any has been made).

[grimbell]

Re: Blemain Finance

hi


I have now received my first ever statement from BF and I am so angry!
All the paperwork I have ever had from them including the latest letters re charges added state the interest rate is 14.90% but on this statement which is from Oct 2008 it states the interest rate as 15.40% and after 3 years my balance is 1k down on total amount borrowed.
They have also charged 1k for broker (which i didn't know i had used as I phoned them direct) despite the agreement stating the amount as £950.

Don't know where to start but need to complain somewhere.

[grimbell]

Re: Blemain Finance

hi stressedout

Do you record the phone calls? You should if you can and supply copies to the court. Make sure you have a copy of charges added to the account as well.

Good luck

[stressedout]

Re: Blemain Finance

I would warn very strongly against ignoring letters from Blemain. I did this last year, then all of a sudden I had a Court Case and a Warrant for Possession. They are totally utterly ruthless. They have levied all kinds of extra charges without justification, just to make it even harder to pay.

Also the Court Case was over in 2 minutes flat. The District Judge ignored everything i said, I even offered to swear on the Bible that I was telling everything absolutely honestly. He just smirked and told me that it was still no evidence.

So I guess they have some influence over our legal process. I am still fighting them now, with the help of some very good friends, but I think they may well get our home anyway.

I read they are part owned by Barclays, who seem not only beyond the law and the reach of our government, it seems they somehow control it. This is not the free country we thought it was.

I know exactly how you feel! I'm fighting them at the moment over possession - constantly harass me by telephone even though we have asked for communication to be in writing, they just ignore this. I've had two calls this morning and a letter pushed through the door - I fear that we will lose our home to these shisters! Haven't offered us any help at all.

[frankly honestly stuffed]

Re: Blemain Finance

I would warn very strongly against ignoring letters from Blemain. I did this last year, then all of a sudden I had a Court Case and a Warrant for Possession. They are totally utterly ruthless. They have levied all kinds of extra charges without justification, just to make it even harder to pay.

Also the Court Case was over in 2 minutes flat. The District Judge ignored everything i said, I even offered to swear on the Bible that I was telling everything absolutely honestly. He just smirked and told me that it was still no evidence.

So I guess they have some influence over our legal process. I am still fighting them now, with the help of some very good friends, but I think they may well get our home anyway.

I read they are part owned by Barclays, who seem not only beyond the law and the reach of our government, it seems they somehow control it. This is not the free country we thought it was.

[magiciansgirl]

Re: Blemain Finance

Hi Grimbell, quite!

[grimbell]

Re: Blemain Finance

They probably have "excess funds" thanks to their high interest rates (mine is still14.90%) and all their charges at £35 per go!