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Home  / Hold Action on my Account While I Get Advice – Template Letter

Hold Action on my Account While I Get Advice – Template Letter

Use this letter to request all action on your account be suspended while you get advice.

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.

Sample - Hold Action on my Account
  • 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.

{{FORM}}

{{Name of the Organisation}}

{{Their Address}}

{{Their Postcode}}

{{Your Address Line 1}}

{{Your Address Line 2}}

{{Your Postcode}}

Dear Sir/Madam

Account No: {{Your account or reference number*}}

I am writing to you concerning our company’s financial difficulties.

I would appreciate it if you could hold action on the above account for 30 days to give us breathing space so I can work out a way of dealing with our debts.

I would also be grateful if you would freeze any interest or charges during this period so that our situation doesn’t worsen. I will contact you again within 30 days with a proposal on how to deal with our repayments in a way that satisfies both our businesses.

Yours faithfully,

{{Include your full name*}}

If you need help understanding the best way forward for your company, use the live chat during working hours, or call us on 0800 074 6757. We’ve helped 1000’s of directors navigate difficult financial circumstances.