Sample Letter To Your Creditors

No Ability To Make Payments Now

Click here to learn how to use this letter properly and to learn how to communicate effectively with your creditors.

<Today’s Date>


<Creditor Name>
<1 Downtown Street>
<City, Province  Postal Code>


ATTENTION: CREDIT DEPARTMENT
RE: ACCOUNT #123456789 SMITH, JOHN

Dear <Creditor>:

My current income from <CPP, OAS, Disability Pension, Government Assistance, etc.> is not enough for me to be able to make any payments towards my debt at this time. Please find enclosed a copy of my <proof of income>, as well as a monthly expense sheet.

I am currently looking for employment, and am hoping to succeed in this search very soon.

I respectfully request that you contact me by letter only; please do not contact me by telephone. I will respond to any letters you send to me in a timely manner, and I will contact you in writing in 2 months to provide you with an update about my financial situation.

If at any time I am in a position to resume payments, I will contact you immediately to make appropriate arrangements.

You can be sure that I will resume regular payments as soon as possible, and I thank you for your patience and understanding during this difficult time.

Sincerely,




<your name>
<complete mailing address>
<phone number>
<account number>
 

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