Please Login to view "member only" content

Sample Letters and Documents

Fill in a Budget Statement

Download our Budget Statement Spreadsheet

Letter Offering a Lower Payment

Dear Sir/Madam

I am writing to advise you that I am currently in financial difficulty and am unable to keep to the repayment arrangements agreed with yourselves. 

I am experiencing financial problems because….EXPLAIN YOUR CIRCUMSTANCES.

I have enclosed a financial statement and you can see that after meeting essential expenditure, I have some available income to offer creditors on a pro-rata basis.  I am therefore able to offer to pay you X per month.

Please would you accept this offer and stop the interest accruing on my account so that the payments I make will begin to reduce the debt.

If my circumstances improve I will contact you again.

If my offer is not acceptable to you, I would be grateful if you could write to me and explain why as well as tell me what action you intend to take.

Yours faithfully

Letter Offering a NIL or Token Payment

Dear Sir/Madam

I am writing to advise you that I am currently in financial difficulty and am unable to keep to the repayment arrangements agreed with yourselves. 

I am experiencing financial problems because….EXPLAIN YOUR CIRCUMSTANCES.

I have enclosed a financial statement and you can see that after meeting essential expenditure, there is no available income to make an offer on a pro-rata basis. 

EITHER:

However, I would like to offer to make a token payment of £1 per month and I would be grateful if you would accept this.

OR:

Please would you consider therefore allowing me not to make any payments on the account for a period of six months.

Could you also stop the interest accruing on my account so that any payments I make begin to reduce the debt.

If my circumstances improve I will contact you again.

If my offer is not acceptable to you, I would be grateful if you could write to me and explain why as well as tell me what action you intend to take.

Yours faithfully

 

Smartphone App

Get the student experience on your phone. Staffordshire University Students' Union presents a handheld guide to your hottest news, photos, videos and events. You'll also find details for a range of clubs and societies you might enjoy.


App Store

Android Market

We Tweet

    Social Media

    Facebook Twitter YouTube

    Your Opinions Count!

    If you have any comments, suggestions, requests or feedback, please visit:

    www.staffsunion.com/feedback