Blemain Finance repossession Unfair relationship Unfair charges

Re: Blemain Finance repossession Unfair relationship Unfair charges

This is what I would do, is to if you know the exact amount of charges - which in WP's case he does - I would firstly write to the mortgage company listing out all the charges (except those of legal cost) call it a letter before action. Request that they substantially reduce the fees failure to come up with a resolution you will take further action. Obviously, you are not going to go to court because the Judges in this country don't know a bank charge from a credit or Mortgage charge. Once you have their final decision that they will not budge you can then move this forwards with a complaint to the FOS. It might take some time but you will get this these charges reduced substantially. With ortgages you have 12 years in which to go back.

If you do not have a list of charges, then you need to do an SAR first to obtain this and any other information they hold on you this cost £12 and they have 40+2 days to respond.

[suffering]

Re: Blemain Finance repossession Unfair relationship Unfair charges

Its not something i want to win but if renewel fee's come into it 1st .12mths = £16817.75
2nd 12 mnths £16817.75
Total 24mths = £33635.50

add to this a £25,000 loan i was forced to take out after just 4 months soley to give it to blemain as 4 mths unaffordable payments threatend by Marc Goldberg with receivers if i did not
GRAND TOTAL £58635.5
I ONLY ORIGINALLY APPLIED FOR A £50K LOAN
Robbed and financially raped

[welshperson]

Re: Blemain Finance repossession Unfair relationship Unfair charges

Well-done tutssi

Total amount of charges added to account in the first 24 months is £4320.88 for phone calls letters monthly arrears fees and transfer to the dredged monarch recoveries.

The figure above is not including interest and legal costs which they also added to the account.

So the question is do I hold the record for the most charges added to an account in 24 months ?

wp

Re: Blemain Finance repossession Unfair relationship Unfair charges

Various charges???

Anyone with anything to say it’s been a bit quiet on here lately


Just for a bit of fun can any one guess what the below relates to ?

06/2007 = £ 65.00
07/2007 = £ 320.25
08/2007 = £ 176.00
09/2007 = £ 545.75
10/2007 = £ 225.25
11/2007 = £ 215.00
12/2007 = £ .00 00

7 month total £1332.00

01/2008 = £ 551.00
02/2008 = £ 00.00
03/2008 = £ 00.00
04/2008 = £ 70.50
05/2008 = £ 65.25
06/2008 = £ 415.25
07/2008 = £ 165.50
08/2008 = £ 35.00
09/2008 = £ 275.00
10/2008 = £ 35.00
11/2008 = £ 35.00
12/2008 = £ 35.00

12 month total £1681.50

01/2009 = £ 268.13
02/2009 = £ 396.00
03/2009 = £130.00
04/2009 = £ 278.25
05/2009 = £ 235.00

5 month total £1307.38

Total amount is £4320.88


wp

[welshperson]

Re: Blemain Finance repossession Unfair relationship Unfair charges

Anyone with anything to say it’s been a bit quiet on here lately


Just for a bit of fun can any one guess what the below relates to ?

06/2007 = £ 65.00
07/2007 = £ 320.25
08/2007 = £ 176.00
09/2007 = £ 545.75
10/2007 = £ 225.25
11/2007 = £ 215.00
12/2007 = £ .00 00

7 month total £1332.00

01/2008 = £ 551.00
02/2008 = £ 00.00
03/2008 = £ 00.00
04/2008 = £ 70.50
05/2008 = £ 65.25
06/2008 = £ 415.25
07/2008 = £ 165.50
08/2008 = £ 35.00
09/2008 = £ 275.00
10/2008 = £ 35.00
11/2008 = £ 35.00
12/2008 = £ 35.00

12 month total £1681.50

01/2009 = £ 268.13
02/2009 = £ 396.00
03/2009 = £130.00
04/2009 = £ 278.25
05/2009 = £ 235.00

5 month total £1307.38

Total amount is £4320.88


wp

[jumper999]

Re: Blemain Finance repossession Unfair relationship Unfair charges

If you look at Blemain's tariff of charges on the back of their letters under "OTHER FEE" & "INTEREST" it reads:

"If we apply any other fee to cover administration costs relating to your mortgage or loan with us, we will try and give you notice within a reasonable time, stating the amount of the fee, the nature of work covered by the fee, and the date on which the fee is to be added to your account. We may apply new fees to our Tariff of Charges or remove fees from it to reflect changes in the nature or cost of doing the work."

Now how many people were notified by Blemain or Monarch that would be adding a charge of £35 of x date? or did they wrote and say a charge of £35 HAS been added to your account? Looks like another unfair term and also looks like Blemain have gone against their own policies and guidelines relating to adding charges and notifying people before they did.

[jumper999]

Re: Blemain Finance repossession Unfair relationship Unfair charges

Hi wp, you wrote:

�.c. not giving an indication in credit agreements of the amount of any charges payable on default ( I understand this statement that the amount of charges payable in case of default MUST be written in the loan agreements?)

I think you have a point, but what rules or regulations say they MUST ?


If you read the OFT Debt Collection Guidelines 2006 you will see it is written in page 7: I believe it comes under the unfair business practices


Charging for debt collection

2.9 Charges should not be levied unfairly.

2.10 Examples of unfair practices are as follows:

a. claiming collection costs from a debtor in the absence of express contractual or other legal provision

b. misleading debtors into believing they are legally liable to pay collection charges when this is not the case, for example, when there is no contractual provision

c. not giving an indication in credit agreements of the amount of any charges payable on default

d. applying unreasonable charges, for example, charges not based on actual and necessary costs

e. applying charges which are disproportionate to the main debt.

[jumper999]

Re: Blemain Finance repossession Unfair relationship Unfair charges

I received this email from the FSA in response to some questions I wanted to know about Blemain:



Dear Jumper,

Thank you for your email of 15 February 2013.

I understand from your further correspondence that you are asking the Financial Services Authority (FSA) about the regulatory status of Blemain Finance.

I can confirm that Blemain Finance is an appointed representative of Cheshire Mortgage Corporation Limited. This means that Cheshire Mortgage Corporation Limited is completely responsible for the regulated activities of Blemain Finance. Cheshire Mortgage Corporation Limited is directly authorised by the FSA.

If you wish to make a complaint against Blemain then you should complain to Cheshire Mortgage Corporation Limited in the manner that I described in my previous email to you. If you are unhappy with the firm's response then you can take your complaint to the Ombudsman.

However, your email indicates that your dispute relates to consumer credit. If this is the case then although the FSA regulate many activities, we do not regulate all aspects of financial services. In particular, we are not responsible for regulating consumer credit products. Most businesses that offer credit products, collect debts, advise on or negotiate debt repayment are licensed by the Office of Fair Trading (the OFT), the government body that ensures that firms are fit to hold licences.

The OFT is independent and separate from the FSA. Consequently the FSA has no influence on the activities of the OFT.

You may wish to contact the OFT to discuss your concerns via the Citizens Advice Consumer Service which has responsibility for providing consumer advice and information.

The Citizens Advice consumer service provides free, confidential and impartial advice on consumer issues. Consumers can either visit their website - www.adviceguide.org.uk or call consumer helpline on 08454 04 05 06.

If you have any future questions on financial services and products, you may find it quicker and easier to call our Consumer Helpline on 0845 606 1234 (call rates may vary).

I hope that you have found this response of assistance.


Yours sincerely

[welshperson]

Re: Blemain Finance repossession Unfair relationship Unfair charges

Blemain Finance has been established for over 35 years and was one of the first non-mainstream lenders in the UK and has substantial funds to lend.


Why dose the government allow this but shuts down rouge traders (one-man bands) ?
The harm that companies like this are doing to consumers is massive, but if for an example a builder scams mrs smith down the road he can look out.

Someone in government needs to answer this question

[welshperson]

Re: Blemain Finance repossession Unfair relationship Unfair charges

Below is taken from blemains web site and a little bit of light hearted editing in red by myself.

We are aware of a finance scam whereby a firm purporting to be Blemain Finance will ask for money up-front for unsecured loans. They also may ask that you transfer the money via the Post Office or Western Union. Note that we would not ask for money up-front and we do not provide unsecured loans.
Any individuals affected by the scam should make a report to Action Fraud; Blemain Finance is unfortunately unable to do this on their behalf. Action Fraud can be contacted on 0300 123 2040, or visit www.actionfraud.org.uk.
The Office of Fair Trading have issued a public warning regarding such scams and are advising affected individuals to contact Consumer Direct on 08454 040506 or visit www.direct.gov.uk/consumer.
If you are approached or get suspicious about the call please contact your local police and do not part with any money.



We are aware of a finance scam ( in fact we know of lots)whereby a firm purporting to be Blemain Finance will ask for money up-front for unsecured loans.(and they are robbing our customers before we get a chance ) They also may ask that you transfer the money via the Post Office or Western Union.(we only allow direct bank transfers so we get the monie quicker ) Note that we would not ask for money up-front and we do not provide unsecured loans. (we fool you into a false sense of security and then take your home)Any individuals affected by the scam should make a report to Action Fraud; ( but don’t mention how we have been scaming you )Blemain Finance is unfortunately unable to do this on their behalf. (we cant be botherd) Action Fraud can be contacted on 0300 123 2040, or visit www.actionfraud.org.uk. (but please don’t mention our scams)
The Office of Fair Trading have issued a public warning regarding such scams(but take no notice of what the OFT/FSA say about the Cheshire mortgage corporation / monarch scam ) and are advising affected individuals to contact Consumer Direct on 08454 040506 or visit www.direct.gov.uk/consumer. (but as above please don’t mention our scams )
If you are approached or get suspicious about the call (we will always be demanding money and very aggressive so if ever anyone nice speaks to you and says they are from blemain ) please contact your local police and do not part with any money.(we cant be having anyone robbing you before we get a chance)

wp

[Blem-ished]

Re: Blemain Finance repossession Unfair relationship Unfair charges

Me too - letters from Monarch Recoveries all with the name A Simon in the signature block - but no actual signature on these letters. Google reveals that there is a Simon Ashcroft, described as Head of Collections for Blemain. Just take the first name and the first letter of the second name, and there you are, an alias. Perhaps Blemain, Henry Moser, Marc Goldberg and Adrian Grant and their chums, can post a message here to let us know? Perhaps "Mr A Simon" / Mr Simon Ashcroft would like to enlighten us as to whether we may have guessed correctly?

I note also that you can make the word "Monarch" from the letters of "Simon Ashcroft". Individuals seeking to invent an alias often use a variation of their own name. (I understand this is how fraudsters/criminals on the run are often caught by the police, interestingly).

Here is a heart warming video of Mr Ashcroft and his chums taking a light hearted break from harassing the sick, the disabled, the bereaved etc. http://www.youtube.com/watch?v=vPl5wSdJXOY

"When a felon's not engaged in his employment, or maturing his felonious little plans, his capacity for innocent enjoyment, is just as great as any honest man's"
Gilbert and Sullivan.

[welshperson]

Re: Blemain Finance repossession Unfair relationship Unfair charges

All the letters sent by monarch recoveries that I have (quite a large pile) all have the name ( A Simon senior credit controller monarch recoveries ) have a look at the ones you have and see if they are sent using the same name ?

Now what I am trying to find out is if there is such a person ( A Simon) because if he really existed then I think he needs a bonus because he single handily made them a profit of £20 million in three years by sending out so many letters.


wp

[welshperson]

Re: Blemain Finance repossession Unfair relationship Unfair charges

Thanks Celestine for your very kind offer, I think it may help a lot of people struggling with unfair practices committed by an unfair company, the more people who read about what is happening to them and know that it is unfair. Then more people will complain to the regulators, and ultimately we will see an end to unfair practices and maybe an end to sub prime lenders.


I have a lot of information on this company but even a summery would end up as big as the book war and peace.


Anyone up for writing this?


1 undisclosed commission paid to brokers

2 unfair charges

3 threatening and abusive phone calls

4 threatening letters

6 using court just to add more costs to your loan (not as a last resort)

7 using a fake debt collection company (monarch) just to add charges to your loan.

8 someone phoning you saying they work for monarch recoveries, blatant lie to defraud you of monies.

9 letters sent from monarch blatant lie just to add charges, again to defraud you of monies.

10 letters from monarch demanding you pay all the arrears within 72 hours or they will start court proceedings (no attempt at coming to an arrangement to pay and not willing to accept anything but full payment of all arrears)

11 letters from monarch recoveries saying their client (blemain) have instructed them to issue court proceedings) this is so bad as monarch were not solicitors so they cant start court proceedings, this was done to harass threaten and deceive you.

12 unfair use of an interest rate clause (in the terms and conditions)

13 unfair terms and conditions (allowing themselves the right to extent the agreement without your consent)


The above is just a quick of the top of my head response, and I am sure I have missed a few so feel free to add to the above list.

Now the real task is how to explain what has been going on in less than 1000 words

wp

[Celestine]

Re: Blemain Finance repossession Unfair relationship Unfair charges

If someone is happy to write a 1000 word summary of the activities of this company, I can promote it as an article on Homepage and on Twitter?

[welshperson]

Re: Blemain Finance repossession Unfair relationship Unfair charges

On a different point I have been looking at this
http://www.sfo.gov.uk/victims.aspx
Now this is something I think may be of interest regarding what blemain were doing by using monarch, this is something that may be worth investigating