Request to write off a debt - letter
If you are unable to pay your debts, you should contact your creditor to let them know and see if they are willing to write off the debt.
This template is to be used for guidance and may not suit your specific situation. If you require more detailed advice and guidance, you can get more help.
If you need more help on using this tool, or you want to read about circumstances when you might use it, see Guidelines for using the letter templates.
Check if your creditor can still take action against you
Your creditors have a limited time to take you to court to repay a debt. For most debts, the time limit is 6 years. The time limit restarts if you write to your creditor or make a payment. If it’s a joint debt, this includes if the other person makes a payment.
If you haven’t got court papers after 6 years, your debt becomes ‘statute barred’ - this means your creditor can’t take court action to get their money back.
Don’t use this letter if:
it’s been over 6 years, because they might not be able to force you to pay
it will soon be 6 years, because contacting them might restart the time limit
Check if the time limit has passedor will pass soon. If you’re not sure, talk to an adviser.
Your reference: LL/ANO/Reminder1
To whom it may concern,
Account name: Sam K Hoolin
Account number: 12345678
I am sorry that I am unable to keep up my monthly payments to your company. This is because:
I enclose a copy of my financial statement. This shows my income and expenses. You will see from this information that I am unable to make any offer of payment.
Unfortunately, my circumstances are unlikely to improve in the foreseeable future and I have no assets to sell to help clear my debt. I am therefore asking you to consider writing off my debt as I can see no way of ever repaying it.
If you are unable to agree to this, please explain your reasons.
Thank you for your help and I look forward to hearing from you.
Page last reviewed on 17 March 2021