Difference between revisions of "Creditors and DCAs"

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(Template letters to creditors and DCA's)
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[http://www.moneysavingexpert.com/banking/Budget-planning Budget Planner]There are both Excel and On-line versions
 
[http://www.moneysavingexpert.com/banking/Budget-planning Budget Planner]There are both Excel and On-line versions
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== Letter A - Ask your creditors to hold action on your account ==
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{| border="0" cellpadding="10" cellspacing="0" align="center" width="90%" style="background-color: #EEEEEE;"
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|-----
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|
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<blockquote><div style= "font-size:87%;"><font color = #EEEEEE> — </font>
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<span style="color:red">[Your Address]
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June 28, 2006
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The Loan Company
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Company House,
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Church Street,
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Newtown,
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Kent,
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R1 7HG</SPAN>
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Dear Sir/Madam
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Re: Account/Reference Number <span style="color:red">4563210025897412 </SPAN>
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We are writing to inform you that we are seeking advice and assistance regarding our current financial difficulties.
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To this end, we would appreciate if you could hold any action on the above account for a period of at least 28 days.
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Also, during this period, could you please freeze interest and/or any other charges accruing on the above account.
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We look forward to hearing from you as soon as possible.
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Yours faithfully
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</div></blockquote>
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|}
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[[Category:Standard_Letters]]
 
[[Category:Standard_Letters]]

Revision as of 18:15, 17 July 2007

Template letters to creditors and DCA's

Creditors and DCAs - Letter Templates & Budget Planner

The letters are as follows:

Letter A - Ask your creditors to hold action on your account

Letter B - Ask your creditors to accept pro rata offers of payment on your debts

Letter C - Ask your creditors to accept a token payment or no payment on your debts

Letter D - When a creditor refuses your offer of payment

Letter E - When a creditor refuses to freeze interest on your account

Letter F - When a creditor has turned down an offer of payment, interest is still being added, and you want the creditor to take you to court.

Letter G - When creditors have turned down an offer of payment, interest is still being added but you don’t want to go to court

Letter H - When a creditor asks you to agree to a voluntary charge against your home

Letter I - Request for a stay of execution in the High Court

Letter J - Full and final settlement for any debt

Letter K - Ask creditors to write off the debt due to your circumstances

Letter L - Ask your creditors to reconsider if they refuse to write off the debt

Letter M - Dispute your liability for a debt where a creditor has not contacted you for over six years

Letter N - Ask your creditor for a copy of your credit agreement under the Consumer Credit Act 1974

Letter O - Mortgage shortfalls: Breakdown of balance owed

Letter P - Mortgage shortfalls: Please write off the debt

Letter Q - Mortgage shortfalls: Full and final settlement letter

Letter R - Mortgage shortfalls: Lender should not pursue under CML policy

Letter S - Inform your creditor that you are terminating your hire purchase/conditional sale agreement

Some of these letters refer to a budget planner. Here is a simple budget planner which you can fill in to work out how much you can afford to offer your creditors, and you can print this and send with the relevant letter:

Budget PlannerThere are both Excel and On-line versions


Letter A - Ask your creditors to hold action on your account

[Your Address]


June 28, 2006


The Loan Company

Company House,

Church Street,

Newtown,

Kent,

R1 7HG

Dear Sir/Madam

Re: Account/Reference Number 4563210025897412

We are writing to inform you that we are seeking advice and assistance regarding our current financial difficulties.

To this end, we would appreciate if you could hold any action on the above account for a period of at least 28 days.

Also, during this period, could you please freeze interest and/or any other charges accruing on the above account.

We look forward to hearing from you as soon as possible.

Yours faithfully