Blemain(Un)Together Secured Hell

sourcrates

suffeing wrote: »

I cant believe in the early post replies you were being told its perfectly legal to over charge you and add interest on it. This company has a bad history of unfair chargies and part of its company and Cheif executive have been fined over £1.25 million pounds and its well documented.
Anyone who has had any dealing with the Blemain group should carfully check their statements and challenge everything
P.S The unfair relationship law which replaced extortion is useless as the spineless judges have failed to impliment it in and set a president.

To be fair, these charges will of been listed on the original agreement, although i said they may be legal, i didn't say they were fair, and the only way to challenge them is by either the complaints route, or by going to court.

Personally i`d complain first.

D_M_E

Provided you have paid all instalments on time without fail - dig out the original loan agreement and carefully check the terms and conditions written in the agreement and see if, under those terms, they are allowed to add extra charges and what for.

You say you sent them details of necessary insurance which they deny receiving so they have compulsorily added those premiums without your knowledge to the amount outstanding, and interest and further charges as a result.

My reaction would be to see a solicitor and take them to court to get all and any such extra charges rescinded on the possible grounds of breach of contract on their part - as you say, why would you need them to take out insurance in your name - thereby earning them commission for any policy - when you already have your own, for which you provided proof to them of same.

Contacting the Post Office and asking if they can trace a recorded delivery item from long ago may be a long shot which may pay off.

[Deleted User]

suffeing wrote: »

I cant believe in the early post replies you were being told its perfectly legal to over charge you and add interest on it. This company has a bad history of unfair chargies and part of its company and Cheif executive have been fined over £1.25 million pounds and its well documented.
Anyone who has had any dealing with the Blemain group should carfully check their statements and challenge everything
P.S The unfair relationship law which replaced extortion is useless as the spineless judges have failed to impliment it in and set a president.

The trouble with them is you never get a statement. I have had a loan with them for 10 years and not one statement despite frequently asking They are sharks.

sourcrates

BBH123 wrote: »

The trouble with them is you never get a statement. I have had a loan with them for 10 years and not one statement despite frequently asking They are sharks.

If this is the case, and your loan is regarded as a "fixed sum credit agreement" and is regulated by the consumer credit act, then you are due a refund of interest and charges for the periods you went without a statement of account.

Sec 77A Statements to be provided in relation to fixed-sum credit agreements

[F2(1)The creditor under a regulated agreement for fixed-sum credit must give the debtor statements under this section.

(1A)The statements must relate to consecutive periods.

(1B)The first such period must begin with either!!!8212;

(a)the day on which the agreement is made, or

(b)the day the first movement occurs on the debtor's account with the creditor relating to the agreement.

(1C)No such period may exceed a year.

(6)Where this subsection applies in relation to a failure to give a statement under this section to the debtor!!!8212;

Non compliance results in :

(a)the creditor shall not be entitled to enforce the agreement during the period of non-compliance;

(b)the debtor shall have no liability to pay any sum of interest to the extent calculated by reference to the period of non-compliance or to any part of it; and

(c)the debtor shall have no liability to pay any default sum which (apart from this paragraph)!!!8212;

(i)would have become payable during the period of non-compliance; or

(ii)would have become payable after the end of that period in connection with a breach of the agreement which occurs during that period (whether or not the breach continues after the end of that period).

Full text here :

https://www.legislation.gov.uk/ukpga/1974/39/section/77A

[Deleted User]

Mine is classed as a commercial mortgage as I bought some land.

MentalMinnie

I have nothing to add apart from my mum got involved with this company over 10 years ago with a secured loan. Basically it got so bad that they issued a repo order on the house. Fortunately she decided to get legal advise and it went to court, she won and the loan was wiped, and Blamain were ordered to repay her some money. I don’t know the ins and outs of it, I was only 18 I think at the time and she wasn’t very forthcoming with the info (my mum wasn’t great with money unfortunately) the judge ripped a strip off of them though, I remember that much.