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Blemain Finance/Together
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Hammertone
Posts: 2 Newbie
in Loans
I took a loan ( mortgage) with Blemain in 2006 for £25,000 and it expires in April 2021. I have repaid almost £57k and now they say I still owe £12k because of interest and other charges. Has anyone taken these loan sharks to court and won?
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Hammertone said:I took a loan ( mortgage) with Blemain in 2006 for £25,000 and it expires in April 2021. I have repaid almost £57k and now they say I still owe £12k because of interest and other charges. Has anyone taken these loan sharks to court and won?Why do you think you would win/have a case ?What are the interest and charges for ?0
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You won't win a court case if your argument is that a high interest loan costs you a lot of money to repay, you would have been given the figures in 2006 when you chose to accept them.
A 15 year loan will always cost you loads of money given how much interest you are paying off vs how little capital. I did a quick sum and 25,000 at 18.5% APR will cost you £69,000 near enough0
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