Offer to creditors

Sample letter B- Offer to creditors (docx)

About sample letter B 

When to send this letter 

When you have worked out how much you can realistically afford to pay overtime, send this letter to your creditors to make an offer. 

Letter C suits some people better 

If your creditor is a member of the Banking and Payments Federation of Ireland (BPFI) (pdf) and your offers are based on the BPFI-MABS protocol, you can use sample letter C instead.  

What to send with this letter 

Send one letter to each creditor with: 

• A copy of your financial statement  
• Proof of your income  
• Proof of any above-average expenses   

 Always keep a copy for your records. 

Say what caused your problem 

You can add information about what caused your debt problem if you wish. For example: 

• Redundancy 
• Maternity 
• Reduced income    

When to get legal advice 

Get legal advice if you think: 

• You may not be liable (responsible) in full for a debt being claimed by a creditor  
• It may come under the statute of limitations law 

The statute of limitations law sets out the longest amount of time that a matter will be legally enforceable in court. You may be able to use this law as a legal defence if a creditor takes legal action.  

Read more about checking if you owe the debt.