Hi all. Just a bit of advice please. I have a secured loan with blemain finance that I took out in 2006 and it was for £5000. The loan was for a term of 5 years. I have paid back £6100 of this loan but have been in difficulty lately and the last payment made on the loan was in July this year when I paid the installment plus £50 towards the arrears. I was working and had a lodger but lost the job I had and the lodger moved out. When he went I took the opportunity to split the two large bedrooms into three and have just finished this rejig this week and can now rent out the rooms so I have a steady income. I did have a previous suspended possession order against me that was granted in February 08. This morning the bailiff posted through my door an eviction notice with an eviction date of the 21st November (so not panicking just yet). I know I can to go to the court to apply for an N244 to apply to get the notice set aside but I am wanting to ring Blemain first to see if there is an agreement we could come to.... is this wise or do I just go straight to the court. Because of the room letting I am now in a position to make regular monthly payments of maybe £50 a month. Just want to know the best course of action really.

p.s. I forgot to mention that the total amount payable on the loan is £7200.

Hi, there is nothing to stop your ringing them to ask, but I think it would be better to get a letter to them stating your offer of payment. If you have consistently made payments on the suspended order since 2008 up until July this year, then I cannot see a judge allowing eviction when you are now able to make payments again.

Can you complete the affixed budget sheet please (it calculates automatically as you fill it in), as you will need to enclose it with any letter you send to them and you will also need it if you have to submit an N244 to the court. I can help you with a letter if you need me to and also with the N244

Have you actually rented the rooms yet ?

Budget Sheet.xls

thank you for taking the time to reply Ellen. Very much appreciated. x

Yes, I have rented out the rooms, and get the first payments today and together they will bring in an income of 560 per month. Not a great deal I know but "every little helps". I am a decorator by trade but the construction business is nowhere at the moment and people seem to be doing a lot more DIY. I've always said that virtually anyone can pick up a brush or roller so its the first thing that people think they can cut back on when doing home improvements. But I am looking looking looking for work.

Now you have the lodgers are you in a position to make payments towards the arrears? Have you done the budget sheet yet?

..We can get to work over the weekend on your N244 and a letter to them offering your payment of £50 per month towards the arrears.

Thank you. Yes, I am in a position to offer to pay £50 a month and no, I've not been able to do the form yet because the computer I'm on doesn't open the file extension so I'm off to the library this afternoon to print a couple of forms off and fill them in by hand. x

hi, I've been to the library and printed out a couple of copies of the payments sheet and have written this letter to Blemain, see what you think. Also, i live right near to their office and actually have to cycle past there tomorrow so am going to drop the letter off personally, and I will be making a video of the delivery given the frightening thingas I have read about this company on here.. I'd be grateful for any input you have. thanks. xx

Dear Sir/Madam

Re

I am writing in respect of the secured loan debt I have with you and the current arrears. I have an eviction date set for the 21st of November and I would like to make an offer of payment in respect of the arrears to prevent the eviction. The original loan agreement was for the amount of £5000 and this has been repaid along with a further £1000 of the interest owing counting towards a total of £7200, so I don't think this could in ant way be called a delinquent loan and as you can see from the payment history, when I have been in a position to make payments on the loan I have done so, on a regular basis.

I enclose a Personal Budget sheet which shows my total income from all sources, and our outgoings. As you can see I have only ............... left each month for my creditors.

In view of my circumstances, please would you agree to accept an offer of £50 per month. If interest or other charges are being added to the account I would be grateful if you would freeze these so that all payments made will reduce the amount I owe you.

I look forward to hearing from you as soon as possible.

Do you mean £50 in addition to the normal monthly payment ?

no, I mean 50 in total, its a push at that to be honest if I dont get any work in that month. And also the term of the original loan has expired so if what they said when I spoke to them a while ago there is no monthly installment ( although that might not be right??) x

Are you able to open word documents? I have drafted a letter which you can adapt

no, this computer doesn't have Word.... but it did help put men on the moon in 1969 its that old lol............but I am going to the library tomorrow to print out any letters so I could open and adapt it there. x

OK, letter affixed. Don't forget to keep a copy for yourself. Let us know how you get on and if you need help with an N244 just shout.

bshowe4.doc

thank you very much. x

Hi, you never can tell with this company. In the end I didn't need to use the income/expenditure sheet or the letter. I rang the company and arranged to go in and see them face to face and I sorted it all out that way. I'm having to pay £100 a month, which is a stretch but nothing I can't cover. The £100 comes off the total remaining debt and to be honest I'd rather try harder to find work, pay a bit more each month than I wanted to, pay off this debt and get this lot off my back as soon as possible.

Thanks anyway for your help. I was a bit panicky last week when I got the eviction notice and it was just nice to know there was someone there on my side.

Big Hug. xxxxxx

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