Debt Collector Template Letter

speedy01

Hi all

I want to write to a debt collector saying I can only offer to pay "x" per month because of "x" situation. Is there such a template?

Thanks.

moohound

The Loan Company
Company House,
Church Street,
Newtown,
Kent,
R1 7HG

Dear Sir/Madam

Re Account No/Reference No:- 123456789

Since making that above agreement with you, our circumstances have changed.
We cannot now afford to agreed monthly payments because ... [your paragraph added here]
We enclose a Personal Budget sheet which shows our total income from all sources, and our outgoings. As you can see we have only £_____ per month left for our creditors.
The offers we have made to our creditors have worked out on a pro-rata basis, and we have written to all our creditors asking them to accept reduced payments.
In view of our circumstances, please would you agree to accept a reduced offer of £_____ per month. If interest or other charges are being added to the account we would be grateful if you would freeze these so that all payments made will reduce what I owe you.
Should our circumstances improve we will contact you again.
We would be grateful if you would send a [paying-in book] [standing order form] to make it easier to pay you. Thank you for your assistance. We look forward to hearing from you as soon as possible.

Yours faithfully


change/delete/edit bits to suit your situation

From National Debtline website template letters