We got a log book loan with Varooma,
we fell behind on a couple of payments and it was suggested that we take another to clear the debt.
Naively we agreed.
The payments were £89 and £102 a month (approx),
being made redundant meant we got behind again
despite numerous attempts to negotiate a fair plan going forward
we have been told again and again that they can't as we are in arrears.
The issue is we can't get out of the arrears.
We currently pay £150 a month on each but the interest on the arrears means the debt increases every month.
I can't not understand what this means though (this info was as if July, I don't have any further updated)
Total of instalments now in arrears £156.22
Total amount payable under the agreement £999.50
Total amount you have paid £2,094.27
Outstanding balance including arrears arrears £3,025.52
Less any rebate £2,026.02
Total amount payable by you £999.50
And the other one says
Total of instalments in arrears £1,002.50
Total amount payable under the agreement £1,857.50
Total amount that you have paid £2,024.91
Outstanding balance including arrears £1,857.50
Less any rebate allowance £0.00
Total amount payable by you £1,857.50
It confuses me.
I've contacted the courts to see if the bill of sale is registered.
Do I need to get a statement of everything paid and owed?