Request to suspend payments and freeze interest

LETTER 1

Request to suspend payments and freeze interest for a set period 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 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