Inform creditors of period of financial difficulty
[YOUR NAME]
[YOUR ADDRESS: LINE 1]
[ADDRESS: LINE 2]
[ADDRESS: TOWN]
[ADDRESS: COUNTY]
[ADDRESS: POST CODE]
[YOUR TELEPHONE NUMBER]
[DATE]
[NAME OF CREDITOR]
[ADDRESS OF CREDITOR: LINE 1]
[ADDRESS: LINE 2]
[ADDRESS: TOWN]
[ADDRESS: COUNTY]
[ADDRESS: POST CODE]
Ref. Account number/Agreement Number: [YOUR ACCOUNT/AGREEMENT NUMBER]
Dear Sirs,
I am currently experiencing financial difficulties as a result of [SELECT FROM: disability / serious illness / a loss of employment / a relationship breakdown / imprisonment / starting work in a lower paid job / starting full-time education / needing to take parental care leave / etc.] and I am therefore unable to keep up with the full payments due on my account.
I am trying to resolve my current situation and will be sending you a financial statement as soon as possible along with an offer of the best payment I can manage in light of my circumstances.
Please can you provide me with the following information? This will allow me to formulate a schedule of all my debts and make appropriate offers to my creditors:
- Type of agreement (secured/unsecured)
- Balance owing
- Terms of repayment and interest/penalties accruing
- Arrears
- Any insurance policy attached to the agreement
I will contact you again, in writing, as soon as I have received replies from each of my creditors.
Yours faithfully
[SIGN HERE]
[PRINT NAME HERE]
Enclosures: [STATE DOCUMENTS YOU HAVE ENCLOSED, IF ANY]
Product Offers
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Please note that the product links will take you direct to the Issuer or Insurer's site direct and we cannot be held responsible for the information which they provide within their own sites. On some comparison tables we use a star rating which rates products by visitor popularity.
Please ensure that you fully read the terms & conditions of any product or policy before you decide to proceed and are fully aware of the total costs and the benefits and any exclusions or limitations applicable to the product or plan.
Please note that the product links will take you direct to the Issuer or Insurer's site direct and we cannot be held responsible for the information which they provide within their own sites. On some comparison tables we use a star rating which rates products by visitor popularity.