Response to Blemain - repossession proceedings 2 months arrears

Further Information On Blemain. They charge £70 per month for EVERY month you are in arrears. Its added to the loan at redemption. They also charge £150 to transfer your account to their "in house" collections company Monarch. It would be interesting to see if this is challengable as fair and reasonable in a court. If you have a repayment of £140 per month then this equates to an additional 50% per month. However, as it is added to the loan at settlement, it is not included in their loan costs. Any comments would be most welcome.

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