Hi Wishes
Can I please advise that as my name suggests binterdontat. After longer than a year of calls from withheld numbers, harassing letters (which you charged for too) it was finally revealed to me that i was entitled to a rescheduling of the loan two times in the period of the loan. Utter disbelief was the reaction. Please request a full copy of your terms and conditions of your loan. Request are you entitled to any rescheduling throughout the term of the agreement. Do everything in writing and keep copies. Always take the name of any person you deal with over the phone. Send a letter after you have received reply to above stating your circumstances etc and how you propose to deal with the future of the agreement. Be clear about what you intend to pay monthly and whether you will be in a position to change this in the future eg. if your circumstances will change.
In my experience where the monthly cost was equal to a mortgage and we were 3years into the loan, i got it halved for a 6mth period where the payments will then resume to a lesser amount than originally paying, however the period has been extended for 6mths. Not ideal but it helped at the time. Can i add that from what i believe and maybe i stand corrected if it were to go to court if you can prove to the judge that you are keeping up your payments to the best of your ability nothing will happen. Also there is something i have read on this site re: rule 52 not too sure of the details something to do with how long you are into the agreement maybe you should check it out.
Anyway hold your nerve we are all on the same ship....and believe it or not so are the banks....its just they seem to be the captain.