Problems Paying Back Car Finance

I signed a HP car agreement for 16k with approx 5k interest added. Total bill 21k.

The amount owed currently stands at 9,600. I am engaged in a reduced payments scheme.

I am now having difficulties paying back the reduced payments.

Would it be possible for the bank to rescheduel the remaining loan over 5 years? It would be almost like stating again but with a smaller amount of money owed.

Is this a no - go or would the bank consider?

Hi Boom to Bust

Have you read this Key Post What to do if you are struggling with your HP agreement

If your car is currently worth less than €9k, you should surrender it under the half rule.

Brendan