Offer of token payments

Offer of token payments This letter is designed to be used by a debtor (an individual) who wishes to write to a creditor Suitable for: • Someone who does not have available steady income who wishes to make a payment Benefits: • Shows goodwill to the creditor Disadvantages: • If a payment is made that leaves the person is more financial difficulty by over extending themselves • Only a temporary solution and will not improve situation in the long term Download the PDF document. Download the WORD document. Template letters -IVA proposal questionaire -Letter 1:Request to suspend payments and freeze interest for a set period -Letter 2:Offer of a token payment and request to freeze interest -Letter 3:Request a write off of the full debt -Letter 4:Offer of pro-rata payments and request to freeze interest -Letter 5:Offer of full and final settlement -Letter 6:Request a write off from a catalogue company -Letter 7:Offer of a pro-rata payment -Letter 8:Offer of token payments -Letter 9:Unable to offer payments -Letter 10:Offering a lump sum as a full and final settlement of current IVA