I
regret to inform you that due to my poor financial situation I
cannot pay the amount due to you.
I
have enclosed a copy of my Income & Expenditure Statement and you
will note the seriousness of my situation.
(Use
only one of the following paragraphs; delete the reference to
interest charges if this is not relevant)
I ask
that you accept a payment of £1.00 per month until the debt is paid
or my situation changes. I also request that interest charges be
frozen to ensure the reduction of my debt. Please confirm acceptance
of my offer, and I will send the payment by return.
on Debt Management and
Bankruptcy
Our advisors will be happy to
give you free debt advice about how you can manage your
debts
(When you receive acceptance arrange to pay them, say,
£3 by cheque, order etc. State that this is three months
payment: your reason being that the cost of sending
monthly payments is out of proportion with the payment,
and is easier and cheaper for their administration.)
or
I ask that you consider writing off the debt due to my
inability to pay any amount towards reducing the debt. I
do not see my situation changing in the short to medium
term and I ask for your understanding in this matter. If
you will not write off the debt, I ask that you take no
further action and I will write to you every six months
with an update of my situation.
Please consider my request (or offer)
carefully, and accept my thanks for your anticipated
support.
Yours sincerely/faithfully (depending how formal you want to be: I prefer
sincerely’)
