E-mail Print

Sample Creditor letters

Below are some sample letters you may find useful when contacting creditors. If you are requesting a reduction in monthly payments, we would advise that you complete a statement of means and schedule of creditors to include with your correspondence.

Click on a link below to choose a relevant letter.

  • Reduce Monthly payments and freeze interest.
    Use this letter to request a reduction of monthly payments and the freezing of interest on the balance. If you give full honest reasons for your predicament, this letter should persuade the creditor to be lenient.
  • Reconsider payment offer.
    If your creditor has refused an initial offer, use this letter to request that they reconsider. If you have not already done so, include a statement of means and schedule of creditors to add weight to your case.
  • Reconsideration freezing interest.
    If your creditor has accepted your payment offer but refused to freeze the interest on the balance, use this letter. You may find that your creditor will refuse to freeze interest until you have met your revised payment for a couple of months, in most cases the interest for this period will be deducted from the balance.
 
  • Mrs J from Sheffield writes:


    Hi Wally, Just wanted to say many, many thanks for helping me get my IVA. This really is a fresh start for me now in every way. I feel very, very lucky and grateful that I picked up the phone all those months ago and spoke to you that day. You were always very positive which helped me a lot and you never judged me. You really do help change people’s lives for the better.”

  • Mr H from Solihull writes

    "What would I do without you? Well done and thanks again."

  • Mark S from Canterbury writes


    "Wally, your advice has been invaluable. I hadn't realised how much extra money everything was costing me due to the bank overdraft and my outstanding credit card bills. Now that I've cleared both, it's very much easier to stay within my budget. A simple bit of free information you provided to me has changed my life."

  • Mr & Mrs A from Tewkesbury wrote:


    "We would like to thank you both very much for the handling of our financial situation and for making our lives so much easier. We were extremely impressed with your professionalism and knowledge of the system, and the way in which you both gave us advice and guidance throughout the negotiations – always there to answer our questions and put our minds at ease.

    We are thankful that a satisfactory agreement was reached and that we can look forward to the future with new enthusiasm. This could not have been done so swiftly and hassle-free without you both. Thank you.”

Banner
Banner
Banner

We have just joined Twitter

We have just joined Twitter. Follow us on Twitter and should there arise any debt related news which may be of use to you, you'll be amongst the first to know.

http://twitter.com/UK_debt_advice

Join twitter too please and perhaps add a thanks note.

 

News

Friday November 04 2011
  Personal insolvencies fell slightly in the third quarter of 2011, according to the Insolvency Service,...
Thursday June 02 2011
The Financial Services Authority (FSA) has announced a raft of measures to stamp out shoddy...
Thursday June 02 2011
  Online stores are charging shoppers almost twice the rate of major credit cards when they...
  • ask our expert 

    Credit Cards

    For a great many of us the money runs out before the month does and then the temptation to use our credit cards to pay the bills kicks in.

    Read more...
  • ask our expert

    County Court Judgements

    If you fail to pay a creditor and don’t reply to their reminders there are several things that they can do.

    Read more...
  • ask our expert

    Bailiff harassment

    Harassment of people in debt by creditors or their agents is a criminal offence under the Administration of Justice Act 1970.

    Read more...

Did You Know

  • According to a recent statement from the Citizens Advice Bureau, it could take 77 years on average for people asking for help with debt to get back into the black.


    Britain's personal debt is increasing by £1 million every four minutes.