Example of a letter to ask a non-priority creditor to suspend payments for the time being

(Italics show where you put in your own words)

Creditor’s name and address                                                                                                                                            Your address

                                                                                                                                                                                                   Date

Dear Sir or Madam,

Account Number

I am/We are writing to you because I am/we are in financial difficulties. My/our financial statement is enclosed.

Briefly explain the reasons for your financial difficulties, particularly any fall in income or increase in expenses since you took out a loan. Difficulties could be anything from unemployment, ill health, bereavement or relationship breakdown.

If any expenses are particularly high because, for example, someone has a special diet or needs extra heating, briefly explain this here.

As you will see from the financial statement, I/we currently have no money left each month for credit debts. In the circumstances, please could you suspend payments and freeze any interest or charges that are accruing for six/?? months and then review the situation? If there is any particular reason why you may then be able to start payments, briefly explain this here.

I/We look forward to hearing from you.

Yours faithfully,