Letter to Creditors Requesting Debt Forgiveness

Letter to Creditors Requesting Debt Forgiveness

Date
Name of Creditor
Creditor Address
City, Province, Postal Code

WITHOUT PREJUDICE

ATTN: CREDIT DEPARTMENT
RE: ACCOUNT# XXX XXX XXX LAST NAME, FIRST NAME

To Whom it May Concern:
This letter is to inform you that my current income from [specify income source, e.g. CPP, Social Assistance, EI, etc] is insufficient for me to reasonably make any payments towards the alleged debt in my name at this time. Due to [specify reason, e.g. disability/age/medical condition], a change to my income or employment status remains unlikely. I do not expect my circumstances to improve in a way that would enable me to resume payments towards the alleged debt in the future.
Please find attached [specify supporting documentation, e.g. medical note, letter of support from caseworker or social worker, information about medical condition and its impact on your ability to work, any other information you feel would be helpful in support of your request], as well as a copy of my [specify proof of income] and a list of my monthly expenses.

I respectfully request that you forgive my alleged debt as I am unable to seek employment due to my condition, and my current and future income does not allow for reasonable payments to be made towards the debt. Please respond in writing to my request at your earliest convenience, to the address provided below. Thank you in advance for your understanding concerning my situation.

This correspondence is solely intended for the purpose of requesting that further communication be in writing only, and does not constitute an admission of the alleged debt described above.

Sincerely,

Your Name
Mailing Address
Phone Number
Account Number

If you need further guidance or information about when and how to use the above letter template, please do not hesitate to contact us.

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