Template letters to reduce payments to creditors? 30 June 2009 at 3:33PM in Debt-free wannabe 5 replies 6.7K views

gargrave50

Hi all, I'm not sure I'm posting in the correct place and I'm sure you will all (very kindly) tell me if there is somewhere more appropriate :rolleyes:

Having had my lightbulb moment earlier today (the real one not the energy saving kind which I've had before!!!), I've made a proper budget and discovered I spend more than I earn. Over the last 6 months I've minimised all the outgoings I can and sadly its my debt repayments which are crippling me. I've done a letter to each of my creditors proposing a lower monthly repayment at present, but wasn't sure whether there was a recommended template, in order to "argue the best case". Thanks for your wisdom in advance :beer:

Tixy

Hi Gargrave

There are a number of templates on the national debtline website which we often use here. Otherwise this thread has a lot on it
http://forums.moneysavingexpert.com/showthread.html?t=963087

Numpty_Monkey

I think you could be in the right place:A
Sounds daft saying well done on haveng your LBM;)
Post your SOA up on here and the clever and good will try to help:A
http://www.makesenseofcards.com/soacalc.html

http://www.nationaldebtline.co.uk/england_wales/debt_advice.php#6
has most of the templete letters

or you can call one of these Non-profit Debt Counsellors' List
:T:A

gargrave50

Numpty_Monkey wrote: »

I think you could be in the right place:A
Sounds daft saying well done on haveng your LBM;)
Post your SOA up on here and the clever and good will try to help:A
http://www.makesenseofcards.com/soacalc.html

http://www.nationaldebtline.co.uk/england_wales/debt_advice.php#6
has most of the templete letters

or you can call one of these Non-profit Debt Counsellors' List
:T:A

Thanks numpty monkey, I've added that site to my favourites (is that wrong!? ).

The templates are great, I just needed to make sure I was using the correct terminology to state my case clearly and get the result I'm looking for!!!!

Numpty_Monkey

Which one you added;)

Have a look on the CCCS site(debt remedy), and ask on here, sometimes you will have to fill in an SOA, for your creditors and if you are not going through a debt charity:A, you will be asked for one:rolleyes:

gargrave50

Cheers, I added the national debtline (Scotland) website and had a look at their templates which are excellent. I'm compiling an SOA as we speak, better pour a glass of (half price) wine before I press for the result! :eek: