Sample letter

Token payment or no offer of payment (joint names)

​Use this letter to ask your creditors to accept a token payment or no payment on your debts. You can find information about how to use this letter in our fact sheet Review your offers to creditors.

Letter in sole names

You can choose to send a letter in your own name or in joint names. You may have a debt in joint names, or want to write to your creditors together because you have worked out a joint budget.
  • Fill in your contact details, account number and any extra information you want to include in the grey shaded areas.

  • Today’s date will be added automatically.

  • Download your letter to your computer for saving and printing by clicking on ‘Download pdf’ or ‘Download doc’ on the left.

  • Sign each letter and enclose a copy of your budget if needed.

7 April 2020

Dear Sir/Madam

Account No:

Since making the above agreement with you, our circumstances have changed. Our small business is having trading difficulties and we cannot now afford to make the agreed payments on this debt. With the cooperation of our creditors, we may be able to continue trading.

We enclose a budget sheet which shows our total income and our outgoings. As you can see, we have no money left to make offers of payment to our creditors.

Because of our circumstances, please agree to be reviewed in six months. If you are adding interest or other charges to the account, please freeze these so our debt does not increase.

If our circumstances improve, we will contact you again.

Please send a to make it easier to pay you.

We look forward to hearing from you.

Yours faithfully