Creditors and DCAs
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