Letter to Creditors Informing No Ability to Make Payment

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Letter to Creditors Informing No Ability to Make Payment

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. I respectfully request that going forward you not contact me by telephone, and instead correspond with me in writing only concerning this matter. I will respond to any letters I receive from you in a timely manner.
If I am in a position at any time to resume making payments on the alleged debt, I will make appropriate arrangements immediately.

I thank you for your patience and understanding concerning my current financial challenges.

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

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