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.

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

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.

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.

Hello People. I just need a very quick but of advice. I might be just a bit thick but that doesn't make me wrong! I have an outstanding (contradiction in terms when talking about Acenden:-)) mortgage with this firm for as near as makes no difference £35,000 and I'm on the LIBOR plus 3% which makes my interest rate for June 3.83%. When I put the particulars into an online mortgage calculator I get a monthly repayment figure of £182 but Acenden say my monthly payment figure is £210.13. Am I missing something here, what could be the cause of the discrepancy? Length of time I've had the mortgage? PPI. I have arrears of £500 but I have an agreement with them to pay them at £70 per month that I have stuck to and am at the moment not being charged the nasty penalty fees. Any help appreciated. Thanks for reading. xxx

hello, me again, I'm just reading about the case now. Did you SAR Blemain, did you write to them or did you just ring them up. I posted on this site a month or so ago and the next week I received a letter from them telling me about my settlement figure and from what I can work out its a hell of a lot less than it should have been and also they were saying they could offer credit facilities so as to not incur more interest! Its almost as if they knew I had posted! xxxxxxxxxxxxxxxx

THANK YOU VERY MUCH.................. I'm very happy for you. And thanks for the post. They are leeches and think just because you signed a credit agreement with you it gives the a license to print money...... your money. I'll certainly look into it. I'd love to finish paying the loan in October and then have their charge removed from my home! XXXXXXXXXXXXXXXXXXX

Well thanks helpasker. Not sure that your post was what I wanted to hear or necessarily helpful but thank you for taking the time to reply. Quite a rant there! lol But further investigation of Blemain means that I've found out that they are regulated by the FSA. For them to say that they are not regulated by someone is a bit of a fib.... I went for a job selling insurance over the phone and was turned down because I failed the credit check, ditto for an estate agency job I went for... both of these positions being regulated by the FSA.... if I can't get a bloody low grade job because of the FSA I fail to see why a loan company can carry on trading in tis country without being regulated! Anyhow, "treating customers fairly, unfair terms, penalties dressed as admin/default charges" loads of literature to read all over the web on this site and others, but will have to see how I go and see how much they are trying to get out of me. Always have the option of the no win no fee solicitor that keeps contacting me!

Hello I was stupid enough to take out a secured loan with Blemain Finance in October 2006. It was £5000 to be repaid over 5 years.... thankfully the term is nearly up now! I have some arrears on the account but these amount to about £500 and I have an agreement with Blemain to make my repayments of £124 a month plus £44 towards the arrears. I am working really hard to fully repay my total loan amount as per the original agreement buy the time October comes so that I no longer owe them anything from the loan agreement! (and they wont be able to charge me for the "roll over fee") But what I want to know is what happens then? I have charges on the account from a repossession hearing that I had about 3 years ago when I lost my job and went a bit loopy with a marriage break up and they have been helpfully sending me letters to tell me that my account is in arrears (at £35 a pop). I don't know how much it is going to be but I can imagine it will not be cheap... Will they demand payment in full, will they be able to keep the 2nd charge in place on my deeds and so obviously the threat of repossession hanging over me? Their fees for sending a letter etc are obviously a form of revenue stream and bear no resemblance to the cost of actually sending the letters, but is this covered any leglislation, the loan is regulated by the CCA but maybe Blemain are not regulated by the FSA... I'm just a bit confused.......GOD, if there was ever a bad decision that you made in life..... mine was getting into bed with these buggers.... and I get the feeling that the fun is just about to get started! Also, now i am near to paying off the loan, and owe relatively little on it I feel now is a good time to maybe start trying to get the fees reduced because I've made very regular payments for three years and paid well over £6000, and will continue to make my payments and so no judge in the world would grant them possession of my house. Thanks for reading .xxx

cheers Dx. I have no intention of signing the letter.... never did have. They are refunding the 600 without further contact but are making the refund of the further 115 conditional on me signing away my rights of further redress! I understood that... more than a little sneaky on their part.... getting someone to sign away a claim for thousands for £115. What I don't get though is why they have been through the whole of the account and agreed to refund items that I never complained about in the 1st place. Items against their own T&C's and not against the law / FSA etc. What happened to them just saying that "all charges have been applied according to the T&C's" basically telling you to sod off! I didn't even make a complaint and they are offering to refund £750. Given what I have read about this firm.... it sounds very unusual.

Hi, I'm new to all this, and this is my 1st post, so bear with me. SORRY SORRY SORRY I have good things to say about Acenden but I am waiting to be shot down in flames. I have read loads of threads and posts relating to this company including the exhaustive and the informative posts from Little Dotty and Crapstone and some of the experiences have been really terrible to say the least. For a year or so, I paid my mortgage on time and paid the agreed amount towards the arrears and last year the people at Ascenden agreed to capitalise my arrears, for the £65 fee.... obviously! Since then I fell behind again with my payments and what should have been a £600 shortfall has mushroomed into a £1200 arrears total with the usual charges. I'd been reading the posts on this site, and others for a while and so when I was on the telephone to Acenden the other day I complained about the charges that have been levied onto my account, claiming that they were unfair and unreasonable, mentioned the Redstone, GMAC, Kensington judgments. I asked them about the fees and challenged them about how it was unreasonable to charge me £115 litigation management fee and £65 arrears management fee and asked them to justify their fees which should be no more than the cost of the service performed. Even the woman laughed when I told her that they needed to move telephone suppliers if it really was costing their company nearly £200 to ring a customer! I told them that I was going to go down the SAR/ court route (I am but need to find the back bone tbh)... I thought no more of it. A couple of days later I received a letter telling me that my complaint was being looked into and the company would update me on the conclusions as soon as possible. Yesterday I received a letter from Acenden that made very interesting reading. They provided a full breakdown of transactions on my account since its inception nearly 6 years ago and they have been through my charges and fees and they have identified over £600 charged to my account that were applied in error, against the fees and tariffs in operation at the time of the charges and would arrange for a refund of the charges in the next 14 days. The £600 amounts to about a quarter of the total fees levied since the start of the mortgage... RESULT! But then there was this at the end of the bundle "I, Ms +++++, accept your offer of the removal of the £115.00 Litigation Management Fee applied on the ++ of +++++, as a one off gesture of goodwill in full and final settlement of any losses arising from the issues raised in my complaint against Preferred Mortgages Limited" with instructions to send the letter back signed in the envelope provided, if I don't then Acenden will consider the matter closed! What is going on with them, this is not the company that is berated all over this site and all over the internet! An unasked for refund of £600 (without interest....obviously).... have they been told that their final notice is on its way and are taking per emptive action? I know I should not accept the offer of £115 refund as to do so would mean that i have no claim in the future to the rest of the money that they owe me due to excessive charging in the past, and also too prompt repossession proceedings. Anyone have any ideas?