Letter asking to write off debt
You can find information about how to use this letter in our fact letter asking to write off debt Household mortgage shortfalls. Letter in joint names You can choose to send a letter in your own name or in joint names. You may have a debt in joint names, or want to write to your creditors together because you have worked out a joint budget.
Our webchat service is available Monday to Friday. Further to my recentI enclose a copy of my budget sheet which gives details of my present financial circumstances. Remember, This is Different than a Dispute. Try Debt Remedy Get debt help Using insolvency to write off debts There are a range of insolvency debt solutions which will see some or all of your debts written off. My current income from [CPP, OAS, Disability Pension, Government Assistance, etc.
Fill in your contact details, account number and any extra information you want to include in the grey shaded areas. Sign each letter and enclose a copy of your budget if needed.
Further to my recentI enclose a copy of my budget sheet which gives details of my present financial circumstances. As you can see, my outgoings are more than my income and I am experiencing extreme financial hardship. Please would you consider writing off the outstanding debt owing?
For example, if combined with an offer to pay a lump sum for an overdue debt, it could be used to remove a collections account from your report. Sign each letter and enclose a copy of your budget if needed. Asking creditors to write off some of a debt In some cases, creditors might be willing to write off part of a debt if you can pay off the remaining amount in a single lump sum, or over a few months. How to ask for a write off Think what evidence you have to support your case. Letter in sole names You can choose to send a letter in your own name or in joint names. You can find information about how to use this letter in our fact sheet Review your offers to creditors.
I have always taken my financial responsibilities very seriously but unfortunately my circumstances are so bad that I cannot realistically maintain payments of any kind. Please take the following special information into account when making your decision.
As you can see my situation is very unlikely to improve in the future. My continued high debt level may also have a serious effect on my physical and mental wellbeing.
I look forward to hearing from you.