Sample letter

Token payments or no offer of payment (sole name)

​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 joint 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.








16 December 2017

Dear Sir/Madam


Account No:

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



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

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

If my circumstances improve, I will contact you again.

Please send a to make it easier to pay you.

I look forward to hearing from you.


Yours faithfully