Difference between revisions of "Creditors and DCAs"
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<blockquote><div style= "font-size:87%;"><font color = #EEEEEE> — </font> | <blockquote><div style= "font-size:87%;"><font color = #EEEEEE> — </font> | ||
− | <span style="color:red"> | + | <span style="color:red">[Your Address] |
− | + | June 28, 2006 | |
− | + | The Loan Company | |
− | + | Company House, | |
− | + | Church Street, | |
− | + | Newtown, | |
− | + | Kent, | |
− | + | R1 7HG</SPAN> | |
Dear Sir/Madam | Dear Sir/Madam | ||
− | Re: Account/Reference Number <span style="color:red"> | + | Re: Account/Reference Number <span style="color:red">4563210025897412 </SPAN> |
Since making that above agreement with you, our circumstances have changed. | Since making that above agreement with you, our circumstances have changed. | ||
− | We cannot now afford to agreed monthly payments because ... <span style="color:red"> | + | We cannot now afford to agreed monthly payments because ... <span style="color:red">[your paragraph added here] </SPAN> |
+ | We enclose a Personal Budget sheet which shows our total income from all sources, and the total outgoings of our household. As you can see we have no money left to make offers of payment to my creditors. | ||
− | In view of our circumstances, would you please accept | + | In view of our circumstances, would you please accept no payment at present to be reviewed in six months. If interest or other charges are being added to the account, we would be grateful if you would freeze these so our debt does not increase. |
Should my circumstances improve we will contact you again. | Should my circumstances improve we will contact you again. | ||
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Yours faithfully | Yours faithfully | ||
− | + | </div></blockquote> | |
+ | |} | ||
+ | |||
== Letter D - When a creditor refuses your offer of payment == | == Letter D - When a creditor refuses your offer of payment == | ||
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</div></blockquote> | </div></blockquote> | ||
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== Letter E - When a creditor refuses to freeze interest on your account == | == Letter E - When a creditor refuses to freeze interest on your account == |
Revision as of 18:33, 7 April 2011
Contents
- 1 Template letters to creditors and DCA's
- 2 Letter A - Ask your creditors to hold action on your account
- 3 Letter B - Ask your creditors to accept pro rata offers of payment on your debts
- 4 Letter C - Ask your creditors to accept a token payment or no payment on your debts
- 5 Letter D - When a creditor refuses your offer of payment
- 6 Letter E - When a creditor refuses to freeze interest on your account
- 7 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.
- 8 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
- 9 Letter H - When a creditor asks you to agree to a voluntary charge against your home
- 10 Letter I - Request for a stay of execution in the High Court
- 11 Letter J - Full and final settlement for any debt
- 12 Letter K - Ask creditors to write off the debt due to your circumstances
- 13 Letter L - Ask your creditors to reconsider if they refuse to write off the debt
- 14 Letter M - Dispute your liability for a debt where a creditor has not contacted you for over six years
- 15 Letter N - Ask your creditor for a copy of your credit agreement under the Consumer Credit Act 1974
- 16 Letter O - Mortgage shortfalls: Breakdown of balance owed
- 17 Letter P - Mortgage shortfalls: Please write off the debt
- 18 Letter Q - Mortgage shortfalls: Full and final settlement letter
- 19 Letter R - Mortgage shortfalls: Lender should not pursue under CML policy
- 20 Letter S - Inform your creditor that you are terminating your hire purchase/condition
- 21 Letter T - Failure by Creditor/DCA to Supply Agreement
Template letters to creditors and DCA's
Creditors and DCAs - Letter Templates & Budget Planner
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
The letters are as follows:
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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Letter C - Ask your creditors to accept a token payment or no payment on your debts
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Letter D - When a creditor refuses your offer of payment
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Letter E - When a creditor refuses to freeze interest on your account
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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.
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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
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Letter H - When a creditor asks you to agree to a voluntary charge against your home
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Letter I - Request for a stay of execution in the High Court
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Letter J - Full and final settlement for any debt
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Mrs L Y Rutherford
Letter K - Ask creditors to write off the debt due to your circumstances
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Letter L - Ask your creditors to reconsider if they refuse to write off the debt
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Letter M - Dispute your liability for a debt where a creditor has not contacted you for over six years
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Letter N - Ask your creditor for a copy of your credit agreement under the Consumer Credit Act 1974
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Letter O - Mortgage shortfalls: Breakdown of balance owed
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Letter P - Mortgage shortfalls: Please write off the debt
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Letter Q - Mortgage shortfalls: Full and final settlement letter
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Letter R - Mortgage shortfalls: Lender should not pursue under CML policy
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Letter S - Inform your creditor that you are terminating your hire purchase/condition
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Letter T - Failure by Creditor/DCA to Supply Agreement
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