The following letter template is to be used by a company representing a client.
A temporary agreement of a one off payment in return to freeze interest. This offer if popular with creditors .
Suitable for:
• Someone who does not have available steady income who wishes to make a payment to avoid further interest .
Benefits:
• Shows goodwill to the creditor.
• Interest will be also be frozen by the creditor to ensure you do not end up further in debt.
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.
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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 
