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Sample Letter

Token payment or no offer of payment (sole name)

​Use this letter to ask your creditors to accept a token payment or no payment on your debts. Contact us for advice before using this letter.

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.

  • Fill in your contact details, account number and any extra information you want to include in the grey shaded areas.
  • Today’s date will be added automatically.
  • Sign each letter and enclose a copy of your budget if needed.

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.

Change to joint version
You need to include the organisation name.
Name of the organisation you are writing toInclude the name of the person or creditor you are writing to.
You need to include their address.
Their address line 1Make sure you include the full address for the person or organisation. Don't forget the post code.
Their address line 2
Their address line 3
You need to include their postcode.
Their postcodeDon't forget their postcode.
You need to include your address.
Your address line 1Make sure you include your full address.
Your address line 2
Your address line 3
You need to include your postcode.
Your postcodeDon't forget your postcode.

20th December 2024

Date
Dear Sir/Madam
Account No:
This field is required.
Your account or reference number.
I am writing to tell you that I am getting advice from Business Debtline on dealing with my financial situation and choosing the right debt solution for me.
This field is required.
Include a paragraph outlining the special circumstances you have that you want the creditor to take into account.Include a paragraph outlining the special circumstances you have that you want the creditor to take into account.
Since making the above agreement with you, my circumstances have changed. My small business is having trading difficulties and I cannot now afford to make the agreed payments on this debt. With the cooperation of my creditors I may be able to continue trading.
I enclose a budget sheet which shows my total income and my outgoings. As you can see, I have no money left to make offers of payment to my creditors.
Because of my circumstances, please agree
This field is required.
Say whether you are making no offer of payment at present or a token payment of £1.00 each month
to be reviewed in six months. If you are adding interest or other charges to the account, please freeze these so that my debt does not increase.
If my circumstances improve, I will contact you again.
Please send a
This field is required.
Paying in book/standing order form
to make it easier to pay you.
I look forward to hearing from you.
(Please note, all further correspondence should be addressed to me. Business Debtline are a self-help agency and are not acting as my representative).
Yours faithfully
You need to include your name(s).
Include your full name