The following letter template is to be used by a company representing a client
Suitable for:
• Someone with no available income and is unlikely to be able to make payments in the future
• Someone with a medical condition who will find it difficult to maintain regular payments
Advantages:
• You are given a chance to include all facts that have lead to the circumstances in which you are asking for the debt to be written off including age, family situation, medical history and relevant events
• If you can only offer payment that is a low amount, the administration costs of collecting the debt may be higher than the payments received, thus making writing off the debt a more viable option
Disadvantages:
• If you have property with equity or similar assets, the creditor may take court action instead of agreeing to write of the debts
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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 
