how do i write an agreement letter to a dept collection agency?

Question

the bailiffs have been called in and i'd like for this to stop as i have been sticking to my payment agreement. the more the bailiffs call round the more my debt increases with the extra charges. I'm currently unemployed.

Answer 1

Your Name
Your Address


Attention: {name of collector}
Name of Debt Collection Agency
Address


RE: Your {letter dated} or {phone call on date} reference account #: {place account or reference number here}

Dear Mr. /Ms. {Collector's Name}

According to my records and your {phone call or letter} the balance of this debt is $_____. I am not disputing this debt however; my current financial situation prohibits me from paying the amount you're demanding. I am able to make payments on this account every {insert date of month} to your company in the amount of $ _________.

I would appreciate a call from you confirming your acceptance of my payment terms. However, if I do not hear from you, I will consider your cashing or depositing my check as confirmation that you accept my payment terms. If you do not accept my terms then I expect the enclosed payment to be returned to me immediately in the enclosed self-addressed stamped envelop.

As a show of good faith I've enclosed my first payment in the amount of $________. If my financial situation improves enough for me to increase my payment amount I will contact you immediately. Thank you for understanding.



Sincerely,



Signature
Your Printed Name


Here are some tips to help you negotiate with debt collectors.
http://moneycentral.msn.com/content/Savinganddebt/Managedebt/P65141.asp

Answer 2

If you have been keeping up with your payments and they still keep sending bailiffs round they are breaking the law, look at the harrassment act, you will find it on the web. Throw this at them the bailiffs will soon stop. What you must remember is 'it is not a criminal offence to be in debt but to harrass is!' If it carries on report them to your local trading standards or the police. The problem with debt collectors is they think they are above the law and can go round harrassing and bullying people in your position. Dont let them. You have rights and dont let them in your house, the only way they can legally come in is if they a have a police presence. I have been there like you, i know.

Answer 3

As above. Then send £2 payment to experian (to get your credit score) make payment arrangements through a debt adviser at your local citizens advice (free)

Answer 4

you need to get immediately directly to the electorate suggestion Bureau. This all sounds slightly dodgy to me. Debt administration is a transforming into industry now, they must be waiting that may well be useful you organise something.

Answer 5

Dont let them cross the threshold whatever you do! My next peice of advice is either visit citizens advice today or contact one of the debt management advisors in the front of your yellow pages/

it is a horrible situation that you are in, but things will get better. dont despair and dont try to do it on your own get help now.

good luck, stay strong

Answer 6

Good Answer Dude!!!!!!!!!Give him the prize!