I have been reading the papers from the SAR all day and confusion reins. I have though noticed that Blemain have prepared a Settlement Quote for Compass Finance and then charged me £50 for the quote. I am pretty sure I never applied to Compass Finance for anything and when you put Compass Finance into Google this comes up ....http://www.guaranteed-secured-loans.co.uk/ which is the same company that comes up if you type Blemain into the CAG search. What is that all about?

Been reading through the SAR. I wish I could say it makes interesting reading but it just doesn't. Lots of inaccuracies on the transaction details sheet and funnily enough not one mention of Monarch Recoveries in the whole SAR but nothing unexpected. I have read the original claim for possession of my house and the claimant was asking for possession on the grounds that "the defendant has not paid the agreed repayments of the loan and interest" and then "Please refer to the statement of account enclosed at exhibit bfl1" Reading the exhibit they are claiming repossession for the arrears on the account at the time £1488 (cleared now) and the total amount of the loan owing in February 2008 when the claim was issued which was £7580 (which is also now paid off). Blemain have moved for the possession order to be enforced and have a warrant for possession but I have managed to get them to suspend this while I go through the SAR and decide what to do. The lady on the phone last week was almost insisting I took this case to the FOS, but with my loan being regulated through the CCA I thought the OFT was the way to go. I would like to get this possession order lifted if possible, it doesn't seem right that I have complied with the court order but they can use it against me still. Thanks for reading and any advice would be gratefully received. xx

Thanks for the best wishes Figaro and best wishes to you too. x

Thank you all for the replies and sorry for the delay in replying. It's all been fun here as I was just on holiday and my Gran was suddenly taken ill a couple of weeks ago and died in hospital. I had to come back from holiday and then had to wait to go to my sisters house to retrieve all of my folders and files. All settled down now so back to the wonderful world of Blemain Finance. Blemain still do have a charge over the house yes, but that is not really an issue for me. I love my house and have no intention of selling. Don't get me wrong, I would love them off the deeds but them being on makes no odds to me at the moment. I signed the contract for the loan on the 10th July 2006 and Blemain signed the contract and the deed on the 17th October 2006. The loan IS regulated by The Consumer Credit Act 1974. As for the suspended possession order I will wait for the SAR to come back and see how it is worded before seeing what action I can take. Which cant come soon enough.

Hi dx, thanks for the reply. The SAR went in on Monday so waiting for that to come back, and that will be a week going through that little lot. But the question I asked above is what I need help on, can Blemain still move for repossession now I have come to the end of the contract and paid what I was contracted to pay? They are trying to get me to make the charges amount into a new loan and credit agreement but they can get lost. Exactly what hold do they have over me now.

To keep it brief. I had a secured loan of £5000 that I took out in 2006 with the ever delightful Blemain. Many crazy things happened to me over the course of the loan and I did fall into arrears on occasions and did have to go to court once for repossession but the contractual amount that I was scheduled to pay on the loan has all been paid back now. It was £7520, all done and dusted last October. After I finished paying the loan Blemain sent me a letter telling me that I still owed them another £7000 (not unexpected) but the nice thing was there was a "goodwill gesture" of £1500 deducted from the balance and now I only owe them £5500, which was nice! I did ring them and I complained about their fees etc and they put me through their internal complaints procedure and they have gotten back to me and they have found numerous errors in my account and have identified £1200 of excessive charges so they have taken them off my account... ..... but hilariously they have deducted it from the "goodwill gesture". I intend to fight the remaining charges on the account, and put up a good fight too with these bas#ards, don't know if I am in the same league as Welshperson but then who is, but I'll try. What I really want to know is now I have finished paying my contracted loan amount what recourse do Blemain have to collect the money they say they are owed. Can they repossess my house still, I think they may still have a suspended possession order or do they have to go down the more usual debt collection route, CCJ, bankruptcy etc. I have looked all over these forums and others but I cannot find the answer. I have paid the loan so I cannot be in arrears, they say they I owe them further money but that is in dispute, this is not a delinquent account just one in dispute. Any help would be much appreciated. It would just be nice to know what threat they can use to get the money out of me while I fight them.

Man what were we smoking when we took our loans out with these sharks! Like a couple of others in this thread I was introduced to Blemain through Ocean Finance. I took out a secured loan in 2006 for 5000 repayable over 5 years. Worst mistake I think I have ever made but I have now virtually paid it all back with just £200 left to pay from the £7200 scheduled. I've had lots of trouble in the last 5 years and there have been times when I did let the payments slip and so I've had lots of charges added to my account and they still want nearly £7000 from me! I think their best one was the councillor visit, he called unannounced at 7.45 on a Sunday morning, knocked like a mouse on the door and was back in his car and gone by the time I got down the stairs. An easy way to add another £100 quid on I suppose. time to start the process of getting them to drop the whole thing now I've (virtually) paid all of the contractual obligations so will be watching this thread and seeing how you fellas are getting on and posting about what I'm up to. Best of luck to us all.

I got my letter today. Who knows what they are up to, but whatever it turns out to be I'm just glad my arrears are now listed as being £489 with £708 of their charges moved to the other column. Silly of me to get in arrears in the 1st place but at least they can't mither me now saying I have a payment shortfall of £1200 and I need to pay it all NOW!!!!!! They will have to pay out in the end, and they know it. Looks to me like this s the 1st step, why would they trawl through thousands of accounts to divide the arrears to constituent parts unless someone had had a word.

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

thank you very much. x

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

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

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.

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

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.