Took a loan out with Blemain Finance in 2006 for £5000.00 ....finished in 2011
never missed a payment my end,
however the first direct debit they didn't call for in January 2007,
I phoned them and asked why not
they said if I sent a cheque and they would call for direct debit in February we would be back on track.
No mention of being in arrears. Which I did this.
Loan finished in November 2011 (all 60 payments made) and they said I still owe them £1,243.30.
I have spoken to Blemain about this
they say its down to charges for not having building insurance
the house has been fully insurance all the time
each yr I have sent copies but they say they don't receive them.
I made several complaints to Blemain Finance which is always in their favor,
plus I have involved the Ombudsman which was a complete waste of time
because there are no records, as the person has left.
I now still owe in 2016 to settle the loan and to remove the charge they want £1500.00.
The finance agreement was a fixed sum loan agreement
is there anyone who could look at this to see if its correct.
I have also told Blemain Finance that I am in a IVA and they are still serving me with default notices.
I have contacted my IVA people and they don't want to know.....need help!!
Also does anyone know how they calculate their interest?
I total their insurance charges up and fees to £462.00,
so how do they calculate interest on that and made a sum of £1,243.30?