Sample letter

Pro-rata offers (sole name)

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


25 November 2020

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. I feel that with the cooperation of my creditors I may be able to continue trading.

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

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

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

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

I look forward to hearing from you.

Yours faithfully