Writing to the creditors: What do I say or ask for?

moneymaker2

Hi All,

Any thoughts as to how I should structure a letter to my creditors and what I should ask for?

I am thinking of putting in our income and how much there is left for the creditors and how much I am prepared to pay every month.

Is this okay?

moneymaker2

Just bumping up

trulymadlydeeply_indebt!

Hi there - welcome to the forum.

Here is a letter I drafted to my creditors a couple of weeks ago. I tried to keep it simple, yet friendly. So far, only Tesco has come back to me and their reply has also been in a very friendly manner offering to assist me, as long as I keep in touch with them.

Here goes:-

To whom it may concern

Account Number ..................................

It is with much regret that I have to inform you I am unable to continue to make my regular, minimum payments to you due to a change in circumstances. I have taken advice from the Consumer Credit Counselling Service (CCCS) in this matter.

I am therefore enclosing a Postal Order to the value of £1.00 as a token gesture towards my indebtedness with you. As soon as I am better placed, I will contact you again with regard to future payments.

I am very sorry about this course of action, but at the present time, I can offer no more.

Yours faithfully



TMD

I then went to the post office to purchase p/os and attached them to it.

Obviously you will have to re-jig it to fit your circumstances, but I hope it gives you a start point.

hope this helps

TMD xx

fatbelly

Self-help pack, standard letters and factsheets all here:

http://www.nationaldebtline.co.uk/england_wales/debt_advice.php#4