offer letter template please ??

liz_uk

HI all,

Am starting the long process of making offers to my cc companies and catalouge and i was wondering if there are any offer letter templates out there that I could base my letters on, !!

I`m not being lazy would just like to see what to include. Is is reasonable to ask them to stop interest, and ask them to accept the reduced payment that I offer??

Liz x

roadrunner_3

Hi Liz
National Debetline have a large sample of letters that you can download & use . There is definitlely on for making reduced offers.

Good Luck :-)

livilou

liz - I use national debtline - u can get a self help pack with samples of letters.it is totally reasonable to make an offer of payment and ask them to freeze interest, I successfully negotiated such things on behalf ogf my hubby, some took a littl persuading, don't be put off if they refuse the first time, try again, it also helps to make token payments whilst negotiating as they want to see you are willing to pay the debts.

I would really recommedn having a look at national debtline https://www.nationaldebtline.co.uk

good luck
x

Kimberley

Yes i've just sent all my letters off, the National Debtline sample letters have helped me a lot. As long as you send your new payments with the letters they shouldn't really refuse. Although i still have to convince one to freeze my interest.

livilou

persever with the interest Kim, one creditor refused and refused and then once they saw that we were keeping up regualr payments they froze the interest. It also helps if another creditor has frozen the interest as we persuaded another to do so after sending copies of letters from other creditors who had frozen it.

It is def worth trying and trying again, at the same time keep paying an amount even if it is 5.00.
xx

Kimberley

Livil, yeah i will keep trying.

As i have offered some of my creditors a lower monthly payments of £10 and £20 per month, i'm still finding it a struggle for the lower payments to make a difference. Can i lower the payments even more or do i have to stick to what i asked? I seem to be living off my overdraft all the time and by Wednesday i'm at my limit which means i have no money left to spend otherwise i'll be charged for going over my limit. I've had to sell a few things on e bay as an emergency..I can't keep doing this..

Debt_Free_Chick

Kim

Have you looked at all your other outgoings to see if they can be cutback?

If you want to post them here, we may be able to make some suggestions for you.

Kimberley

Debt-Free-Chick (wish i was :rolleyes: )

BT £10 per week.
I put £10 on my Gas Key meter that lasts about 2 weeks.
I put £12 on my Electric key meter that last about 2 weeks.
TV Licence £4.45 every 2 weeks.
£28 on grocery shopping (maybe more)
£12.80 a week on my water card (It's supposed to be £6 but i owe from my previous address).
£11 every two weeks on dog food (plus treats which could be about £4 a week)

£35 roughly a month on T-Mobile Contract (my contract runs out in July which i will then have to cancel after that and go back to PAYG and try to use about £15 a month)
£10 a month on Littlewoods catalogue (they excepted my offer)
£10 a month on Next (not yet heard if they accept this yet)
£20 a month on Argos (not yet been able to persuade them to freeze the £12.50 interest)
£20 a month on River Island (not yet convinced them to freeze the £17.67 interest)
£14 a month on my Littlewoods Visa at Purchase APR 29.9% and cash APR 31.9%(credit limit £300 which I’ve used)
£11.85 a month on my Lord of the Rings Collector Models.
Around £29 a month Capital One Credit Card at Purchase 2.311% and Cash APR 2.311%.(credit limit £600 which I’ve used)
£20 a month into an Xmas club for Vouchers towards Xmas.
£3.00 a month towards my daughters Dolphin adoption scheme.

any ideas

cjbaps

Hi Kim03

Just had a look at your outgoings. I also have a dog and made a recent discovery - Tesco do a multibuy of 24 tins of dog food which is less than £8. This would last me a month. I mix this with mixer from a 10kg bag of Winalot wich costs about £8.99 from Pets at Home - this bag lasts me about 2 months. This could make you a few quids saving each month!

Good luck!

Kimberley

I'm feeding my little one on Royal Canin Mini Junior, it's a complete balanced food and she loves it, she doesn't have any tinned dog food as they are processed. Royal Canin have no artificial ingredients in it. Thank you for your suggestion anyway