Hi Dx Thanks for the reply it is a secured by second charge. I'm thinking of redeeming is it worth me fighting to see if they have charged me correctly as after two years I would have expected at least my balance to be reduced by a few hundred pounds not increased. BF

Happy Christmas, I’m new to the Forum, Just wanted to share my experience with Blemain and hope someone can suggest some options, I will briefly explain my situation. I took out a loan in 2010 for £29500, With the fees the opening balance was £33815.00. After paying 22 monthly payments totalling £8300.00, I enquired to them enquiring why I have not received any loan statements and was advised its not something they normally send out but has to be requested. I then requested my redemption figure and to my surprise my loan has somehow gone up even though I am on a repayment loan. Anyway the figures quoted by them Balance outstanding £34,241.80 Redemption Admin fee £195.00 Early repayment £2705.20 8% Total £37142.00 Now the early redemption figure I knew is quite high and at the time I needed the cash so did not query this. But what gets me is I don’t understand why my loan has not reduced, They have sent me a statement of my payments and something called Acturial Interest which changes every month. Any advise will be greatly appreciated.