Hi
I am hoping someone can help me.
In 2006 I took out a loan with blemain finance, this was organised through a brooker being relax finance.
The original loan was £10,000,
I did get into difficulty with the loan due to three periods of maternity and other personal circumstances.
I managed to get all the loan paid off with the interest.
5 years of payments of roughly £250.
However once I had finished paying the loan I was advised that I still owed £5000.
I am currently struggling financially,
I have been throughout the loan and I have advised them of this.
They agreed a payment plan of £60 per month.
I made a £100 payment the end of June and i didn't pay July as I had made a large payment in June and then I paid in August.
They have been sending me "loan past term" letters
today I rang them.
They have told me that my account is being passed for litigiation and unless I can pay half of the amount owing
there is nothing else i can do except await a court date.
I have concerns about the advice I was given at the onset as I have heard that Relax finance is linked to them
and I feel the charges are unfair as they have been aware that I have been in financial difficulty.
If they try to take me for reposession can HSBC dispute this as my mortgage is with them
and there is no equity in the property. i am not in any arrears.
Is there any point in trying to fight this,
or should i try to borrow the £5000 from family members.
Any help appreciated,
Becki
