Difference between revisions of "Creditors and DCAs"
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== Template letters to creditors and DCA's == | == Template letters to creditors and DCA's == | ||
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The letters are as follows: | The letters are as follows: | ||
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[http://www.consumeractiongroup.co.uk/forum/general-debt/20758-creditors-dcas-letter-templates.html#post162356 Letter C] - Ask your creditors to accept a token payment or no payment on your debts | [http://www.consumeractiongroup.co.uk/forum/general-debt/20758-creditors-dcas-letter-templates.html#post162356 Letter C] - Ask your creditors to accept a token payment or no payment on your debts | ||
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Re: Account/Reference Number <span style="color:red">4563210025897412 </SPAN> | 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. | We are writing to inform you that we are seeking advice and assistance regarding our current financial difficulties. | ||
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</div></blockquote> | </div></blockquote> | ||
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+ | == Letter B - Ask your creditors to accept pro rata offers of payment on your debts == | ||
+ | {| border="0" cellpadding="10" cellspacing="0" align="center" width="90%" style="background-color: #EEEEEE;" | ||
+ | |----- | ||
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+ | <blockquote><div style= "font-size:87%;"><font color = #EEEEEE> — </font> | ||
+ | <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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+ | Since making that above agreement with you, our circumstances have changed. | ||
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+ | We cannot now afford to agreed monthly payments because ... <span style="color:red">[your paragraph added here] </SPAN> | ||
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+ | We enclose a Personal Budget sheet which shows our total income from all sources, and our outgoings. As you can see we have only <span style="color:red">£123 </SPAN> 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. | ||
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+ | In view of our circumstances, please would you agree to accept a reduced offer of <span style="color:red"> £27 </SPAN>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. | ||
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+ | Should our circumstances improve we will contact you again. | ||
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+ | 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. | ||
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+ | Yours faithfully | ||
+ | </div></blockquote> | ||
+ | |} | ||
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Revision as of 19:21, 17 July 2007
Template letters to creditors and DCA's
Creditors and DCAs - Letter Templates & Budget Planner
The letters are as follows:
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
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Letter B - Ask your creditors to accept pro rata offers of payment on your debts
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