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template letter to creditor
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determined_new_ms
Posts: 7,867 Forumite
Hi am looking for a template to send Vanquis offering a much lower rate of repayment and requesting interest stops. Does anyone have anything?
It's for a woman I'm helping who has mental health issues and is on benefits. They have agreed £100 per fortnight - but out of her income this is a ridiculous amount and she is spending about £15 per fortnight on food and the interest charges are about £44 :mad:
thanks in advance
It's for a woman I'm helping who has mental health issues and is on benefits. They have agreed £100 per fortnight - but out of her income this is a ridiculous amount and she is spending about £15 per fortnight on food and the interest charges are about £44 :mad:
thanks in advance
DF as at 30/12/16
Wombling 2025: £87.12
NSD March: YTD: 35
Grocery spend challenge March £253.38/£285 £20/£70 Eating out
GC annual £449.80/£4500
Eating out budget: £55/£420
Extra cash earned 2025: £195
Wombling 2025: £87.12
NSD March: YTD: 35
Grocery spend challenge March £253.38/£285 £20/£70 Eating out
GC annual £449.80/£4500
Eating out budget: £55/£420
Extra cash earned 2025: £195
0
Comments
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Hi
There are various template letters for negotiating with creditors on our website. You might need to adapt either the pro rata letter or the token offer letter. It’s a good idea to also send a financial budget/SOA so that Vanquis can see how much she can afford.
https://www.nationaldebtline.org/EW/sampleletters/Pages/default.aspx
James
@natdebtlineWe 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 Steps0
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