The following text could be used in a letter to send to your non-priority creditors when you want to make an offer to pay them back at lower rate than you currently owe. For more information about offer letters to your creditors please contact our free information service.
-------------------------------------------------------------------------------------------------------------------------
Creditor name
Address & postcode
Date
Dear Sir or Madam:
RE: Account No __________
I recently sent you a letter, dated __________. This letter is to inform you that I am now able to make an offer to repay the above debt; or
This letter is to inform you that I am not able to maintain monthly payments at their current level because __________.
I have attached my financial statement, which lists my expenses and income and makes pro rata offers to my creditors. As you will see, I am currently only able to afford £ _____ per month for the debt I have accumulated with your company. I will be able to make my first payment on __________. I trust you will accept my offer and agree to suspend any interest or other charges provided I make these regular payments. I will keep you informed as to any changes that may take place with my current financial circumstances.
I thank you for you cooperation at this time and look forward to your response.
Yours truly,
__________
We offer an online debt chat service during our operating hours. Just click below to chat with a debt advisor.
By submitting this form I consent to the processing of my data & agree with the IVA.net Privacy Policy
We will never pass your information to a 3rd party
Find out all about an IVA by reading our extensive information, from what an IVA is to FAQs, Advantages, disadvantages and more...
Click here
Fill in our form with your details including household income & expenses and find out what your monthly repayments might be in an IVA.
Find out what other debt solutions are available in the UK for helping you address your debts. When we assess your situation, we will run through all options.
" Absolutely brilliant company. Made me feel safe from the start and handled everything professionally and quickly. "