Letter Template for the Bank?

aaroncaz

I am abt to send to my bank, a details of Income and Expenditure, in the hope of reducing my re-payments. Is there a template for a letter to go with this, anyone know??

Many thanks!

aaroncaz

anyone please??

fermi

There are 4 different sample letter at the end of this NDL factsheet. You should be able to adapt one or more of them to suit your needs.

http://www.nationaldebtline.co.uk/england_wales/review_pack.php?page=for_people_with_available_income_to_make_payments_to_their_creditors

aaroncaz

fermi wrote: »

There are 4 different sample letter at the end of this NDL factsheet. You should be able to adapt one or more of them to suit your needs.

http://www.nationaldebtline.co.uk/england_wales/review_pack.php?page=for_people_with_available_income_to_make_payments_to_their_creditors

Thanks a lot:D

fermi

They don't seem to have the initial letter on that link, so.....

Pro-rata payment offer (adapt accordingly if you are only dealing with one):

1 High Street,
Newtown,
Kent
R21 4RH

November 6, 2007
The Loan Company
Company House,
Church Street,
Newtown,
Kent,
R1 7HG

Dear Sir/Madam

Re Account No/Reference No:− 4563210025897412

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 £123 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 £27 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 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




Mr A N Other