Blemain Finance

[winlot]

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?

[dx100uk]

have you still the proof you paid buildings insurance to someone else

during the years they fleeced you of it?

 

should be an open and shut case of mis-sale

and the charges are unlawful too.

 

for the insurance you'd use the STATINT sheet

 

for the charges

you'd use the CISHEET.

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?330996-Latest-Spreadsheets-PPI-Claims-and-Charges-Claims-Dec-2011

 

you enter every penalty fees in the CISHEET

on its date

 

and every insurance payment on its date

in the statint sheet

[winlot]

Blemain Finance

For building insurance @admin charges after 05/12/2011 they stopped charging interest Total £184.25 to 15/12/2015

 

C Isheet total of charges £90.00 compound interest £61.53 total £151.53

 

Statint sheet monthly payment of PPI £432.00 8% simple interest 204.74 total £227.26

 

Total charges for letters, building insurance, phone calls, admin from 18/01/2007 to 05/02/2015 total of £866.28

 

Blemain Finance have offered to credit charges totaling £190.00

 

Loan past term balance as of 17th August 2015 £1,552.89

 

The loan was paid up on time but they say there is 0.42p outstanding which I have sent in cheque to cover this.

Where do I go from here and thank you for all your help.

[dx100uk]

so you paid the building ins in one lump sum

if not

you need to enter EACH payment on the date you made it.

not as a lump.

 

 

same for the PPI