Jump to content


  • Tweets

  • Posts

    • The move marks the first time the country's central bank has raised interest rates for 17 years.View the full article
    • The move marks the first time the country's central bank has raised interest rates for 17 years.View the full article
    • The firm has benefited from the AI boom, making it the third-most valuable company in the US.View the full article
    • Former billionaire Hui Ka Yan has been fined and banned from the financial market for life.View the full article
    • In terms of "why didn't I make a claim" - well, that has to be understood in the context of the long-standing legal battle and all its permuations with the shark. In essence there was a repo and probable fire sale of the leasehold property - which would have led to me initiating the complaint/ claim v SPF in summer 19. But there was no quick sale. And battle commenced and it ain't done yet 5y later. A potential sale morphed into trying to do a debt deal and then into a full blown battle heading to trial - based on the shark deliberately racking up costs just so the ceo can keep the property for himself.  Along the way they have launched claims in 4 different counties -v- me - trying to get a backdoor B. (Haven't yet succeeded) Simultaneously I got dragged into a contentious forfeiture claim and then into a lease extension debacle - both of which lasted 3y. (I have an association with the freeholders and handled all that legal stuff too) I had some (friend paid for) legal support to begin with.  But mostly I have handled every thing alone.  The sheer weight of all the different cases has been pretty overwhelming. And tedious.  I'm battling an aggressive financial shark that has investors giving them 00s of millions. They've employed teams of expensive lawyers and barristers. And also got juniors doing the boring menial tasks. And, of course, in text book style they've delayed issues on purpose and then sent 000's of docs to read at the 11th hour. Which I not only boringly did read,  but also simultaneously filed for ease of reference later - which has come in very handy in speeding up collating legal bundles and being able to find evidence quickly.  It's also how I found out the damning stuff I could use -v- them.  Bottom line - I haven't really had a moment to breath for 5y. I've had to write a statement recently. And asked a clinic for advice. One of the volunteers asked how I got into this situation.  Which prompted me to say it all started when I got bad advice from a broker. Which kick-started me in to thinking I really should look into making some kind of formal complaint -v- the broker.  Which is where I am now.  Extenuating circumstances as to why I'm complaining so late.  But hopefully still in time ??  
  • Recommended Topics

  • Our picks

    • If you are buying a used car – you need to read this survival guide.
      • 1 reply
    • Hello,

      On 15/1/24 booked appointment with Big Motoring World (BMW) to view a mini on 17/1/24 at 8pm at their Enfield dealership.  

      Car was dirty and test drive was two circuits of roundabout on entry to the showroom.  Was p/x my car and rushed by sales exec and a manager into buying the mini and a 3yr warranty that night, sale all wrapped up by 10pm.  They strongly advised me taking warranty out on car that age (2017) and confirmed it was honoured at over 500 UK registered garages.

      The next day, 18/1/24 noticed amber engine warning light on dashboard , immediately phoned BMW aftercare team to ask for it to be investigated asap at nearest garage to me. After 15 mins on hold was told only their 5 service centres across the UK can deal with car issues with earliest date for inspection in March ! Said I’m not happy with that given what sales team advised or driving car. Told an amber warning light only advisory so to drive with caution and call back when light goes red.

      I’m not happy to do this, drive the car or with the after care experience (a sign of further stresses to come) so want a refund and to return the car asap.

      Please can you advise what I need to do today to get this done. 
       

      Many thanks 
      • 81 replies
    • Housing Association property flooding. https://www.consumeractiongroup.co.uk/topic/438641-housing-association-property-flooding/&do=findComment&comment=5124299
      • 160 replies
    • We have finally managed to obtain the transcript of this case.

      The judge's reasoning is very useful and will certainly be helpful in any other cases relating to third-party rights where the customer has contracted with the courier company by using a broker.
      This is generally speaking the problem with using PackLink who are domiciled in Spain and very conveniently out of reach of the British justice system.

      Frankly I don't think that is any accident.

      One of the points that the judge made was that the customers contract with the broker specifically refers to the courier – and it is clear that the courier knows that they are acting for a third party. There is no need to name the third party. They just have to be recognisably part of a class of person – such as a sender or a recipient of the parcel.

      Please note that a recent case against UPS failed on exactly the same issue with the judge held that the Contracts (Rights of Third Parties) Act 1999 did not apply.

      We will be getting that transcript very soon. We will look at it and we will understand how the judge made such catastrophic mistakes. It was a very poor judgement.
      We will be recommending that people do include this adverse judgement in their bundle so that when they go to county court the judge will see both sides and see the arguments against this adverse judgement.
      Also, we will be to demonstrate to the judge that we are fair-minded and that we don't mind bringing everything to the attention of the judge even if it is against our own interests.
      This is good ethical practice.

      It would be very nice if the parcel delivery companies – including EVRi – practised this kind of thing as well.

       

      OT APPROVED, 365MC637, FAROOQ, EVRi, 12.07.23 (BRENT) - J v4.pdf
        • Like

Blemain finance extortionate fees and charges


bdoubleu
style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 1714 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

Hi all,

 

I am new to this forum, so please bare with me as I get hang of how it all works.

 

My story dates back to 2006, when I took out a secured loan with Blemain/Together finance for £25k.

This was to pay additional bills and to do some repairs on my property. I brought the property in 2003.

 

This was the first time I took out a loan,

I had no real knowledge of the best type of loan to choose,

which is why I did the loan through a broker,

who pass my application to a third party Loan Options,

who recommended Blemain finance.

 

They were both paid a commission at the start of the loan and that was deducted from the loan amount.

Blemain also added £2000 in charges for handling my application, so at the start of the loan I was already £4000 in debt.

 

My understanding from the start was this was a loan, but over the years it is now referred to as a mortgage, with added legal clauses such as remunerations.

 

None of this information was made clear to me at any stage of my application.

There is no way I would taken this loan if I knew the interest rate would be so high.

I am now paying more to this loan then my actual mortgage.

 

In the last 11 years Blemain has added charges to this loan for

building insurance,

Telephone calls,

Letters,

Arrears and court fees.

 

Yes they have taken me to court on 2 occasion to reprocess my property.

 

Each time adding extra charges to the loan amount.

 

I have recently had a audit done on the amount I have already paid Blemain and it totals to over £39k,

I still have 4 years left to pay off this loan.

 

I have been in financial hardship since taking out this loan, with very little to live on.

 

I have been to solicitors, law centers, etc, none them has been successful.

I can’t afford the monthly charges of this loan any more,

I am compelled to sell the home I lived in for over 33 years.

 

I recently asked Blemain for a redemption figure and they have quoted £46k to pay off this loan early.

I am horrified that they can charge such extortionate interest for a loan I took out 11 years ago.

 

If I pay the £46k redemption figure It would total £85k for a £25k loan.

How is this possible:???:

 

I would appreciate any advise or guidance from the forum.

 

Thank you! :-(

 

Bdoubleu

Edited by dx100uk
spacing & formatting
Link to post
Share on other sites

moved to the blemain forum.

 

get an sar off to them

get all the statements.

 

so you batted away the 2 repo claims? well done

 

did you have building ins already with your primary lender?

 

you need to read a few thread here

though it might pay to avoid resources thread ...

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

Link to post
Share on other sites

Thanks for your reply dx..

 

The repo claims are still pending. If I break the agreement made in court, they can still evict me from my house.

 

Yes I did have ins, as this is an ex council property. My insurance part of the service charges.

 

How do I move to the bellman forum?

Link to post
Share on other sites

You are in the blemain forum now

Yes keep up the payment set by the court

When was this?

Drop things like mobiles cards bright house down to £1

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

Link to post
Share on other sites

  • 1 month later...

Do you have a copy of the original agreement and was it actually signed by Blemain.

Could you post the original agreement on here but obviously removing your own personal details including client account number.

 

My contract with another part of the group was declared unenforceable by a Judge but is still ongoing so I cannot say a lot at this point in time.

 

What you need to do is appoint a specialist solicitor used to winning cases against this group of companies.

Just be aware they do play dirty which has resulted in two sets of solicitors I had appointed being compromised.

Edited by dx100uk
spacing
Link to post
Share on other sites

  • 5 months later...

Hello renewablejohn:

 

Am really sorry but I have just seen your message in my email by doing a search of the name Blemain. I can only apologise for not seeing your email before. I am not very good at navigating around the consumer forum site. I know its been a while, but how did your situation go with your case?

 

When I first received my agreement it didn't show a signature by anyone at Blemain, but later on a signature appeared and they said it was signed after because they needed my signature first. I do have a copy of the unsigned agreement.

 

My situation with Blemain is ongoing. I have been struggling to pay the monthly installments to Blemain, who are now trading under the name Together. I am planning to sell my home as I have no other alternative, as I am going deeper into debt.

 

I did an audit recently of what have paid Blemain since 2006 and it accumulates to £45000 for a loan of £25000. I asked Blemain for a redemption figure in December 2017 and they quote £47000. Am finding it really hard to pay £93000 for a £25000 loan, so right now am at stand still.

 

I recently got a letter from Blemain, which states that the monthly interest being added to my account is £510 . My monthly installments to them is £522 how is it possible that they can get away with charging such high interest.

 

I was considering taking Blemain to court (but this is costly) on the grounds of what the consumer credit act Section 140A, states, that if the relationships between creditor and borrow is unfair in favour of the creditor the courts could deem this unfair if creditor is lobbying high rates of interest on a loan or mortgage, and make a judgement against creditor. I not sure what to do really, in one sense I think it would best to sell and get rid of them from my life, but I feel cheated by this company and what they have put me through deserves a fight.

 

Sorry for my ranting but am sure you understand.

 

I look forward to your reply

 

Best wishes

 

Bdoubleu

Edited by dx100uk
quote
Link to post
Share on other sites

bdoubleu

 

Well that is very interesting as the MD said to the court on oath in my case that the agreements where always signed prior to being sent to the customer and therefore mine must have been an oversight.

 

He also said on oath that there had never been any other cases where an agreement had been sent out unsigned.

 

Do you actually have a date when the loan company actually signed the agreement or when where you first notified that they had signed the agreement.

 

Do you have a clause in your agreement which states the agreement only takes effect once signed by the lender.

Mine did and it was clause 14 that made the contract unenforceable.

Edited by dx100uk
spacing
Link to post
Share on other sites

Renewablejohn

 

Thank you for getting back to me. I will check the agreement for clause 14 as suggested.

 

Are you now free from your contract agreement with Blemain now, and if you are what did you do?

 

I am planning to go to court as I believe I have a good chance, because the high interest charges Blemain has been levying on me. any advice would be appreciated.

Link to post
Share on other sites

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

Link to post
Share on other sites

Yes the contract itself was declared unenforceable by the Judge therefore in legal terms does not exist. However this judgement is legally incorrect according to barristers and should have gone to appeal. What I am left with is a judgement against me for restitution which has been calculated incorrectly and is subject to Appeal. The actual calculation of restitution has been clarified by the court subsequent to my judgement and exposes the miscalculation in my case and will form the basis of my appeal.

Link to post
Share on other sites

  • 4 months later...
On 22/10/2018 at 15:59, bdoubleu said:

Renewablejohn

 

Thank you for getting back to me. I will check the agreement for clause 14 as suggested.

 

Are you now free from your contract agreement with Blemain now, and if you are what did you do?

 

I am planning to go to court as I believe I have a good chance, because the high interest charges Blemain has been levying on me. any advice would be appreciated.

It might not be clause 14 that was just the number on my agreement. I have seen another agreement where exactly the same clause is numbered clause 18. Obviously with the wording being the same my case will also be applicable to that case.

Link to post
Share on other sites

Hi Renewable John,

No am not yet free from my contract with Blemain,, but like you I am about to take them to court for the unfair treatment and high interest charges they are levying against me. I've had enough of them that's for sure!!

Edited by bdoubleu
spelling mistake
Link to post
Share on other sites

What was the date of your agreement. I presume its a regulated agreement being 25000. If so have you had statements from them every year so that they comply with CCA2006.  Can you remember the date that the Lender signed the agreement ie gave a signed copy to you. Does it have a date next to the lender signature.  The high interest rates is a bit of a non starter as they will argue your loan is a bridging loan even if its not which justfies the rate.

Link to post
Share on other sites

  • 3 months later...

I am about to fight Together Commercial Finance Limited in court for various reasons such as unreasonable penalty charges, unsolicited visits,  interest rates, and other misdemeanours.  This is an unregulated mortgage so the outcome of the trial will hopefully set a precedent for many others who are victim's of these and other unscrupulous sub prime lenders.

 

I will keep you informed. 

Link to post
Share on other sites

Off topic posts removed.

 

Andy

We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHER

 

Have we helped you ...?         Please Donate button to the Consumer Action Group - The National Consumer Service

If you want advice on your Topic please PM me a link to your thread

Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...