Your name and address

Date ……………….

Creditor’s name and address

Account number: ……………………..

Dear Sir or Madam,

I have been corresponding with you for some time with regard to debt management.

Unfortunately my circumstances have changed due to ………………….., leaving less money available for my creditors.

Please find enclosed an amended Financial Statement showing the current position.

I would ask that you accept the reduced offer of £……… each month.

I will commence payments as outlined on the amended financial statement.

If my situation improves I will review my Financial Statement again and increase my offer of payment.

I thank you for your continued support in this matter.

Yours faithfully

……………………………..…………..…..