Letter 2 - Offer of token payments and request to freeze interest Template letter
Offer of a token payment and request to freeze interest
This letter template is to be used by a debtor who cannot pay their contractual monthly payments to their creditors, but wants to pay a low one off or monthly payment to show goodwill to the creditors and request that interest and charges be frozen.Suitable for:
- Someone who does not have available steady income who wishes to make a payment to avoid further interest.
- Shows goodwill to the creditor.
- Interest may be also be frozen by the creditor to ensure you do not end up further in debt.
- 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.