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halifax interest template letter

ak121078
ak121078 Posts: 8 Forumite
Tenth Anniversary First Post Combo Breaker
in Debt-free wannabe
Hi Guys

I've recently started a DMP and made my first payment this month! yey!

I've received a letter from Halifax today saying that they are prepared to accept the reduced payment offered by Stepchange but will not freeze the interest.

Can someone help me with a letter that I can write to them to ask them to freeze the interest? Im useless at these things.

Thanks in advance!

AK

Comments

  • chanz4
    chanz4 Posts: 11,057 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    they don't have to freeze the intrest, its only a gesture
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
  • Tixy
    Tixy Posts: 31,455 Forumite
    National debtline website has a template letter for exactly this.
    https://www.nationaldebtline.org/EW/sampleletters/sole-letters/Pages/Freeze-interest-%28sole-name%29.aspx
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
  • National_Debtline
    National_Debtline Posts: 7,998 Organisation Representative
    Tenth Anniversary 1,000 Posts Combo Breaker
    chanz4 wrote: »
    they don't have to freeze the intrest, its only a gesture

    Whilst that's absolutely true, most banks and lenders will agree to do so if it is clear that someone has genuine financial difficulties. Given that the OP is on a DMP with our friends at Stepchange this is likely to be the case. It can sometimes take a few attempts to convince a bank or lender to freeze the interest. I hope our sample letter does the trick.

    Best wishes,

    David @ National Debtline.
    We work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps
  • ak121078
    ak121078 Posts: 8 Forumite
    Tenth Anniversary First Post Combo Breaker
    wow guys! Thanks for the very quick and helpful responses!
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