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midge61

Blemain Finance early redemption figures

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Hi all

It,s been a very long time since I have been on here but I would appreciate some advice .

 

In 2006 i took a loan with BF for £13,500, they added another 1k for broker payments were for 96month. Variable interest 18.4%APR but statements show 15.4% each month.The original payments went up after a few months and have stayed the same ever since.

We are in process of selling and today I received copy of the redemption figure.

There are only 20mths left on loan

outstanding credit is just over 5k

they have only given a rebate of just over £600 despite the agreement stating:

the amount payable per £100 AFTER 72mths is £49.19

they have added just over £1300 in fees and charges and just over £1700 in additional interest

the final figure comes to just over 8k

 

This must be wrong surely. I have asked the solicitor to query it but don't think they will do much.

 

All opinions appreciated.


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Anybody????????


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Right as I thought the solicitor won't do anything so he says I have to contact BF to challenge it.

Where do I start? Have tried phoning the new Citizens consumer advice line and their phones are not working!


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