Blemain Finance

[BlemainFinanceenemy1]

Re: Blemain Finance

Happy Christmas, I’m new to the Forum, Just wanted to share my experience with Blemain and hope someone can suggest some options, I will briefly explain my situation.
I took out a loan in 2010 for £29500, With the fees the opening balance was £33815.00. After paying 22 monthly payments totalling £8300.00, I enquired to them enquiring why I have not received any loan statements and was advised its not something they normally send out but has to be requested.
I then requested my redemption figure and to my surprise my loan has somehow gone up even though I am on a repayment loan.
Anyway the figures quoted by them

Balance outstanding £34,241.80
Redemption Admin fee £195.00
Early repayment £2705.20 8%
Total £37142.00
Now the early redemption figure I knew is quite high and at the time I needed the cash so did not query this.
But what gets me is I don’t understand why my loan has not reduced, They have sent me a statement of my payments and something called Acturial Interest which changes every month.
Any advise will be greatly appreciated.

[figaro123]

Re: Blemain Finance

request an sar

[figaro123]

Re: Blemain Finance

whats the latest on this,threads start but we never seem to see the end result

[Sickofbullies]

Re: Blemain Finance

No more threads about this incompetant shower?

[Amethyst]

Re: Blemain Finance

This seems to be main one -> http://www.legalbeagles.info/forums/...back-read-here

[Cenap]

Re: Blemain Finance

I have made a complaint to FCA about these nasty people and i am going to try and get back all the charges from them if i don't get a result i will take them to court

[suffering]

Re: Blemain Finance

i sincerely wish you good luck, because, they do it because they get away with it. they get away with it because the regulation is so slack

[Cenap]

Re: Blemain Finance

I had to sell my House because of the stress these people caused me I have paid them of but the settlement figure was outrages i have reported them to the FCA and i hope i will get some of my money back

thank you for reply


regards cenap

[Cenap]

Re: Blemain Finance

Hi I have reported them fos and they have written to Blemain and i have received a letter from them saying they are looking into my complaint .

i will keep you updated if i get my money back

[suffering]

Re: Blemain Finance

Blemain will send a nice letter to the fos saying that they have looked into your complaint and found that they have done nothing wrong,( in other words they lie) ask for a full breakdown of charges and fees and ask how much interest they have charged on those. because they not only charge say £30 for a phone call but they then charge interest on top. As far as i am aware this is not allowed.
P.S. Do your own investigating do not rely on either blemain to own up, or the fos to do it for you. It will take time but start digging.

[Cenap]

Re: Blemain Finance

What do you suggest i do any advise welcome

thanks

[suffering]

Re: Blemain Finance

Ffirst thing if you havent already done it, Send them a SAR. by registered post with £10 cheque or p.o. make sure you ask for a full and clear account breakdown of charges and interest
P.S. Anyone who has had any involvement with this company should do this, if you don't you will not possibly have a clue what they have been charging you.

[Cenap]

Re: Blemain Finance

I have asked for this and they did not send it i done a recorded delivery and the envelope was open it was send back to me should i resend it again

thanks

[suffering]

Re: Blemain Finance

1. Are you sending it to the correct address.( This is; Lake View, Lakeside, Cheadle, SK8 3GW). 2. if you sent it recorded did you check with P.O. that it was signed for. 3. did you enclose £10. if not resend making sure you do these 3 things.

[Cenap]

Re: Blemain Finance

Hi I have had a letter back from BF saying they have done nothing wrong and are going to pay us £300 back which is rubbish as the the settlement figure was outrages we paid back more then what we borrowed we hade the loan for two years i have sent of for a SAR Once I receive the SAR What will i do next
Any advise please