Letter to creditors.. what form should it take

Hi,
I'm currently waiting for payplan to get back to me with their assessment and CCCS have recommended an IVA through debt free direct. I really need to write to my creditors to explain my situation and that I'm talking to the above, as payments are becoming due in the next week or two that I can't make and I'd rather inform my creditors now than after I've missed a payment. Should I sent a Statement of affairs listing our income and expenditure and balances owing to creditors and effectively make a proposal to pay what we can afford pro-rata to each creditor. Or should it just be an explanatory letter saying we are in financial difficulty and are talking to the aforementioned companies with a view to sorting things out? I don't want to tread on e.g. payplan or debt free directs toes but at the same time I can't leave it much longer without getting in touch with them. If I make the proposal have I got anything to lose, the worst they can do is not accept it and then I'll leave whichever debt management company I end up using to sort things out I suppose.

Cheers for any advice

Comments

  • debtbuster2K5
    debtbuster2K5 Posts: 1,515 Forumite
    Hi Andy,

    I am not really sure of the best course of action, but I am a regular follower of the Dealing with Debt forum at https://www.fool.co.uk , and one of the resident posters has this website https://www.kronos.moonfruit.com , which could be of use to you.

    Good Luck
    24 hours in a day. 24 beers in a case ... coincidence? :beer:
  • Xbigman
    Xbigman Posts: 3,884 Forumite
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    You need to write and tell them you are dealing with CCCS or whoever and give them any reference number you have for your case. Tell them you are working out a budget and will forward it and arrange payments as soon as possible. Also tell them you will only deal in writing and not accept phone calls.
    If possible send a token payment. £5 each will do. If you have any direct debits set up you should cancel them unless for your mortgage or household expences as these are priority debts.
    Regards



    X
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  • Malestrom
    Malestrom Posts: 983 Forumite
    National Debtline have some sample letters for your situation (and others). See at the bottom of this page.
    He huihuinga taangata he pukenga whakaaro – A meeting of people; a wellspring of ideas (Maori proverb)
  • fatbelly
    fatbelly Posts: 20,440 Forumite
    Name Dropper First Anniversary First Post Cashback Cashier
    zAndy1 wrote:
    CCCS have recommended an IVA through debt free direct.
    Have these two organisations got into bed together? What's going on here? I thought CCCS were independent
  • zAndy1
    zAndy1 Posts: 244 Forumite
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    Thanks... can't seem to view any of those letters , looks like the pop ups are being blocked even though I've switched the pop up blocker off! I'll keep trying...
  • zAndy1
    zAndy1 Posts: 244 Forumite
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    Seriously, can anyone see those sample letters? I've turned the pop up blocker off in IE options but when I click on view letter it pops a window up very briefly that disappears and there's a little icon at the bottom of the window saying 'pop ups were not blocked'! Yeah right... I'm at a loss what to do here to be honest!
  • Malestrom
    Malestrom Posts: 983 Forumite
    Use a different browser, Opera has a pop-up blocker btu at least when it blocks a popup it gives you the option of opening it anyway, as it did with the sample letters.

    Microsoft can't do anything properly.....
    He huihuinga taangata he pukenga whakaaro – A meeting of people; a wellspring of ideas (Maori proverb)
  • zAndy1
    zAndy1 Posts: 244 Forumite
    Name Dropper First Post First Anniversary Combo Breaker
    It's weird cos it works fine on my wife's laptop and that's XP Service pack 2 like mine. In fact I've never had a problem with pop ups on any other site to be honest, it will say that it's blocked pop ups and give me the option to allow them temporarily or allows for that site. With national debt it just doesn't give me the option and even when I completely disable the pop up blocker it still isn't working... very strange
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