Second Offer Letter Advice

sgx.saint

Hey.

I am currently managing my own DMP with all of my creditors.

One of them, HSBC is being a bit awkward and has refused my offer payment now on 2 occassions.

I have been following template letters as available on the National Debtline Website and I have found them very useful.

I tend to alter them to suit my needs however and was wondering with this next letter that I send, could I say something along the lines of.... "the majority of my other creditors have accepted my offer including Egg whom I owe at least 5 times the amount of money too compared with you".

I am only offering a token payment at present to my creditors, so the amount I am offering is the same to each one. Obviously the point I want to make is that Egg who I owe £16,000 have accepted the offer, why wont you (HSBC) who I owe £1800 too.

Cheers

AGB863

I work for a debt mangament company and I find that very rarely will HSBC accept offers of repayment to any debt. They normally try and offer a consolidation loan and if that is not accepted, they stretch it out and then eventually serve the default notice ( after they have put lots of charges on to the debt) and then transfer the debt to a debt collection company.

There is no harm asking them to reconsider the original offer made based on the comments you made in your posting.

sgx.saint

I appreciate the information.

I shall just persevere as usual

Floss

How about ....

"My total debt is £abcd.ef, of which, your debt of £xyz.ab is x%.
My available funds for repayment (as per attached financial statement) are £xxx. Therefore your proportion of this amount is £xx.xx as x% of £xxx.

This payment will be sent to you by the Nth of each month."

what does anyone else think?