Sample letter

Pro-rata offers (joint names)

​Use this letter to ask your creditors to accept pro-rata offers of payment on your debts.


24 November 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. We feel that with the cooperation of our creditors we may be able to continue trading.

We enclose a budget sheet which shows our total income from all sources, and our outgoings. As you can see we have only £ per month left for our creditors.

The offers we have made to our creditors have been worked out on a pro-rata basis and we have written to all our creditors asking them to accept reduced payments.

In view of our circumstances please would you agree to accept a reduced offer of £ per month. If interest or other charges are being added to the account we would be grateful if you would freeze these so that all payments made will reduce what we owe you. If our circumstances improve we will contact you again.

We would be grateful if you would send a to make it easier to pay you.

We look forward to hearing from you.

Yours faithfully