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You'll need a different letter depending what you want to ask creditors for. You should explain the reason why you're writing the letter and how long you anticipate your situation will last for. Remember, the more detail you can provide, the easier it will be for the creditor to understand your circumstances and approve your request.
Here's a list of the letters and when to use them:
Holding letter
Use this letter to ask creditors to hold off for a short period while you work out your budget or get advice.
Offer to non-priority creditors
Use this letter when you have some money available to offer your non-priority creditors. You can use the Summary Financial Statement to work out your budget and fair offers to each of the creditors.
No money to offer creditors’ letter
Use this letter when you have no money available to offer to your non-priority creditors. You can use the Summary Financial Statement to work out your budget and to see whether you have money available to pay them.
Request to write off the debt’ letter
Use this letter when you can't make an offer of repayment and your circumstances are not going to improve.
Ending a hire purchase or conditional sale agreement’ letter
Use this letter to end a hire purchase or conditional sale agreement. You might need to do this if you can't afford the payments any more. Before using this letter, it might help to read information about hire purchase and conditional sale agreements or seek independent financial advice.
Your home may be repossessed if you do not keep up repayments on your mortgage.
