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:
- 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.