Im new to the forum and was looking for some advice.
I foolishly took out a log book loan out on my car in May 2014 with Mobile Money.
The original amount was for £2800 with a monthly payment of £358.
I ran into problems health wise and I lost my job..
.I made a series of payment arrangements with them
but still found the payments hard to keep up and I got into arrears,
A default notice was issued for £2200 in arrears
but I couldn't afford it and they wouldn't let me pay a smaller amount it had to be in full or theyd repossess my car,
I have in total paid them over £9000 and they still say I owe them £1300 on top of the arrears.
They have repossesd my car and to get it back I have to pay them the full £2200 for the arrears plus repo fees and then I still have another £1200 to clear the loan.
Is there anything I can do?
thanks in advance