Use this letter to request a reduced monthly payment of your debt.

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 - request reduced monthly payment
  • 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.


{{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*}}

The purpose of this letter is to inform you that our financial situation has recently evolved. We are currently managing budgeting and debt issues.

We are having trouble making our monthly payments as a result of {{ List reason *}}.

We are hoping we can agree upon an acceptable debt repayment plan in the form of a reduced payment of £{{ ___*}} per month.

Amounts will be increased as soon as possible until our debt is totally paid.

In hope you find this plan acceptable, we look forward to your letter of acknowledgment.

Yours faithfully

{{Include your full name*}}