I have recently been sent my statement from Loan Statement from A&L and as it was a loan taken out in 05 it has a full break down since the beginning. I was very shocked when i noticed the amount of charges i had received. I know that over the 48 term i have missed a few payments and recieved the odd letters but in total i now have a balance of £531 left to pay and over the 4 years have accrued £325 pounds in charges!

let me break it down a bit!

one missed payment in Feb 07, and then i resumed payments in March but could not pay the missed payment until October. This 1 missed payment of £127 accrued me £150 pounds in charges 1 letter a month until it was payed.

I then missed a second payment in August 08 and wrote to A&L stating i could not afford to pay the missed payment but would try to increase my remaining payments slightly to gradually make up this payment. Further monthly payments were increased to £150 to try and clear the debt but to date after numerous calls and letter i am still getting a letter and £25 pound monthly charge on this arrears. so far its up to a £175 charge for a missed payment of £127 now down to arrears of £70.

Is there anything i can do to get these charges off my account and settle the final loan payment as without these charges i would only owe about £200 till loan completion.

Thanks

Tim