Offer to non-priority creditor - joint letter

This advice applies to Scotland. See advice for See advice for England, See advice for Northern Ireland, See advice for Wales

You can use this letter when you have some money available to offer your non-priority creditors. You can use a Budgeting tool to work out your budget and fair offers to each of your non-priority creditors.

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.

Sam Hoolin and Alex Liu

8 Park Avenue

01632 960001

Giltham City Bank

24 Station Road
GT16 3LP

16 July 2024

Your reference: LL/ANO/Reminder1

To whom it may concern,

Account name: Sam K Hoolin and Alex P Liu

Account number: 12345678

We are sorry that we are unable to keep up our monthly payments to your company.

I am sick and unable to work. I have claimed benefits and am waiting to hear the outcome of my claim. My situation is unlikely to improve for at least 3 months.

We enclose a copy of our financial statement. This shows income and expenses for us and our household and the offers we can make to our creditors. The offers have been worked out based on what we owe so that each creditor gets a fair share of the money.

The amount we can pay you is £50 a month. We will be able to make our first payment on 25 February 2023. Please send a direct debit form.

Please agree to freeze interest and other charges on our account as long as we keep to the payments. We will let you know about any changes in our circumstances.

If you are unable to accept our offer and freeze interest and charges, please explain why. Thank you for your help and we look forward to hearing from you.

Yours faithfully,

Sam Hoolin and Alex Liu