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New to this...please help!

Hi, recently in talks with Pay Plan to sort our debts, very helpful, but have suggested to send token payments to creditors until DMP in place...can anyone tell me where to find a template of the letter to send with token payment? Also have read on here that the maximum token payment is £5, is that right??? Many thanks in advance.

Comments

  • RAS
    RAS Posts: 36,174 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Hi

    token payments are usually £1.

    Someone will post the letter.
    If you've have not made a mistake, you've made nothing
  • earplugs
    earplugs Posts: 68 Forumite
    national debt line have letters you can use to make the £1 token offer:

    http://www.nationaldebtline.co.uk/england_wales/debt_advice.php#6

    or google advice guide and there are letters on there which have been drafted by citizens advice.
  • Thought about mentioning that but only used Consumer ... etc. But knew they were or someone had them online somewhere. What surprised me was that Payplan never issued any to you or directed you to them given they suggested it to you.
    Any help, opinions, views I may hold those are my own. Respect them as you would expect the same in return. Offered freely, is gleaned from a lifetime of experiences, knowledge gaining. Passed on to benefit others. I may be direct, ask you questions but those are to help you. Up to you if you choose to take it. I won't judge you either way.
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