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bittybunny49

blemain finance ,now is together

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hi all

 

took out a loan with Blemain on 25/09/07 ,is due to finish 25/09/2017

 

£11k loan ,interest charge £11,316.77 plus brokers fee £1375 and acceptance fee £310

 

all together £24,001,77

agreement states 120 monthly payments of £200.02 interest rate 14.40% variable

 

totals £24,002,40

 

have never missed a monthly payment ,

only receive a yearly statement ,

 

going on their calculations there will be a shortfall of at least £5,000

,have received the occasional letter that they will charge the account for not issueing them with a copy of buildings insurance straight away,

admin fee is always £30.00

and insurance charge is a contingency one ,

which they never say the cost and does NOT appear on the yearly statement,

 

all that appears on the yearly statement is interest charge 14.40% ,

 

They do however state they charge interest on what they consider to be late charges ,insurance charge being one of them ,mmmmmmmmmm £5,000 of extra charges over the loan period, me thinks they make rules up as they go along

 

so in short guys

 

last payment this month ,

there will be at least a £5,000 shortfall ,

so what do i do,

 

the debits should stop anyway

,but they will contact me about the ridiculous shortfall ,

who do i contact about this ,am getting in a right state about this

 

kindest regards

 

Robert

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update by myself the monthly payments of £200.02 were calculated at 19.9% over 10 years ,it would appear the 14.40% interest charge is in addition to the original ie: making it a whopping 34.3 % in total,surely illegal ,how on earth do they get away with it

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Have had similar problem with another company in the same group. There a nasty company and you will need a firm of solicitors willing to take them on. Be aware they play dirty and I have had to change my solicitors twice. If you want any assistance or compare notes then I will try and assist but my hands are quite tied at the moment as my case is subject to appeal.

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Can you post a copy of the agreement taking off your personal details. They tried a similar trick with me but after notification by my barrister the claim was dropped prior to trial.

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Get reclaiming!!

Did you already have buildings ins with another lender

 

All the fees can be reclaimed and all the fake insurances

 

Sar them


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you need a clear and understandable breakdown of your account that includes all penalties, charges and add-ons, If they are saying you owe money they need to prove it

Blemain / Together is a nasty rip off company that are so embarrassed they have had to change their name to enable them to continue ripping people off.

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