brought our caravan on finance through evergreen finance ltd in august 2014, have paid on time no problem every month, but its starting to get a bit much, as our situation has changed, my health has changed my benefits have changed yet and we are struggling.
have spoken to evergreen and they say no way can they help other than to defer payment for up to three months then for the next three will have to pay double to catch up.
they refuse to let us pay less and over a longer time saying you signed the agreement that's it. that if I want out of the agreement I will have to stop payments then they will write to me give me 16 days to pay then they will contact the courts as we will have paid over £12,000 (we paid £6,000 deposit) and have been paying £358.07 every month since august 2014
they say that they can repossess then we will have a poor credit rating, and you wont get any credit anywhere....
they also said that we could sell through the park but that the park would want to take a percentage so we would have to sell above the outstanding amount....but then we've still lost £11,000+ really don't want to give it up,
any ideas about what we can do to get out of this situation, we have looked at refinancing but because we rent our house we are stuck, no one will take over the finance as we have no other collateral.
we are at the end of our tether no knowing where to turn next, any advice will be gratefully accepted
thanks in advance
