Blemain Finance should I hang my coat up ?

OldandBold

Well it’s been 14 long years since I made the mistake of taking out a loan with this company.  

Should I just hang my coat up and forget about it, now I’m rapidly approaching 60?

But just wait one second....

What did Blemain Finance contribute to in a big way, and what happened to me?

 

The financial pressures of that ugly time, cost me my wife of 25 years, my two children, my home of 25 years, which incidentally had been in the family for 100 years. It cost me everything, I lost the lot, they got paid off in full as did the mortgage, and I came away from the 30 years hard work with £325 in my pocket and nowhere to live

 

So, now that I’m back on my feet, new relationship, new lifestyle, i am back in contact with my children, should I pursue them, in connection with any of the following?

£50,000 secured loan taken out in 2006, Joint names, both Self Employed.
Repaid £11,000 in repayments between 2006 &2011
Repaid £33,800 interest charges !
Repaid £1165.00 in Letter fees
Repaid £700.00 telephone charges

The list goes on sadly 

The account was settled 2011, but today 14/5/20 i received a letter from their NEW NAME "Together", offering me a £40.00 refund for over payment of interest.

Should i go back and fight them for unfair charges and interest, or am I now far too old ???

 

 

jonesMUFCforever

They might argue that you are out of time.
If they did entertain any claim and you do get something back you would have to share it with your ex wife - would you be happy with that?

mcpitman

You could go back and spook them with a complaint.
They must have records of your account to issue the interest refund. Therefore they must know if you were treated fairly.

Or you could let sleeping dogs lie, be happy with your lot in life and forget it.

sourcrates

Normally complaints have  to be logged within 6 years of the event you wish to complain about happening, however, the Financial Ombudsman website expands on that somewhat, as its guidence states "within 6 years of when you were aware there was an issue".

So basically if you only became aware you were ripped off, within the last 6 years, you can still complain.

Read between the lines here.

PaulW922

sourcrates said:

Normally complaints have  to be logged within 6 years of the event you wish to complain about happening, however, the Financial Ombudsman website expands on that somewhat, as its guidence states "within 6 years of when you were aware there was an issue".

So basically if you only became aware you were ripped off, within the last 6 years, you can still complain.

Read between the lines here.

Absolutely -  I think the fact that the lender got in contact this week with a partial refund offer could be grounds to make a new complaint and maybe even argue that the six years starts now. I think you could certainly take them to task over those outrageous fees for phoning you and writing to you. And the interest must be have been very high. Although 14 years ago interest rates were higher, they were not *that* high 

OldandBold

Thank you for the replies, to be honest, their offer, and SAR which i have now asked for, are all on the way to the shredder. Somethings are best put to bed, including lots of bad memories. I`m just too old, and there`s more important things going on in this world. Thank you for the advice, stay safe everyone.

Fighter1986

I would like to say thank you for sharing your story however. I'm going to note this thread in my favourites.

There's a lot written here, albeit in a few words. 

You've demonstrated superb strength here today.

Bravo. I doff my cap to you sir.