The following letter template is to be used by a company representing a client. This is a temporary solution that is suitable for people who are having financial difficulties but will be able to commence normal, regular payments in the near future.
Suitable for:
• Someone who has been ill or hospitalised
• Someone who has been temporarily out of work but is about to resume employment
• Someone who is expecting a financial windfall
Benefits:
• There will be a period of time where payments are suspended thus there should be no creditors hassling you through letters/phone calls etc
• Interest will be also be frozen by the creditor to ensure you do not end up further in debt
Disadvantages:
• The solution will be reviewed at a later stage by the creditors, who will examine the ongoing circumstances and may end the payment suspension
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Download the PDF document. |
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Download the WORD document. |
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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
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Budgeting at christmas 
