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Reduce Interest sample letter
k_moor25
Posts: 279 Forumite
Hello
Im on a debt Managment plan and need to write a letter to a creditor as they are charging me alot of interest and the rest of my creditors have stopped or reduced the interest.
Can anyone give me a sample letter on how to write a letter to ask for this and my situation as im crap at doing this sort of thing.
Thanks.
Im on a debt Managment plan and need to write a letter to a creditor as they are charging me alot of interest and the rest of my creditors have stopped or reduced the interest.
Can anyone give me a sample letter on how to write a letter to ask for this and my situation as im crap at doing this sort of thing.
Thanks.
0
Comments
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Basic letter here:
http://www.nationaldebtline.co.uk/england_wales/review_pack.php?page=review_pack_for_people_with_available_income_to_make_payments_to_their_creditors#sample_letter_c
If the lender subscribes to the Lending Code, then there is some useful stuff in there about lenders freezing interest/charges as well.
Paragraphs 224-227 mostly.
http://www.lendingstandardsboard.org.uk/docs/lendingcode.pdf
May be helpful to mention those in any letter.Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0
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