Hi, I have a secured loan that I got via Ocean Finance which turned out to be Blemain (now Together).
Amount £15k Term 180 Months
Taken out Jan 2007
End of term Feb 2022
I have always paid , no issues or missed.
Only change by me was a monthly payment date due to change of employer and salary into account.
I phoned the other month to change this again to a suitable date and was told I had to pay off arrears from previous change of date years ago??!!
They adjusted my monthly payment to cover the shortfall about £2.53 per month difference?
I didn't change the date this time either and stuck with it as per years gone by. That is it no other issues at all.
Happily ticking along I think great just 4 years to go,
however I had my statement today from them and it says in bold my current monthly payments will not cover the loan at end of term
I have paid exactly what was set out by the loan provider from start, its a 15 year loan end of surely.
I have paid £219.35 for 128 months and £221.98 for last 4 months and my balance is still £9105.11 which seems a lot as I only have 48 months left to go.
Never have I been contacted by them.
What is going on ?
Any help as this has knocked me for six.