Sample letter to Finance Company
Introduction
When writing you should give the finance company as much information about the loan as you can. If the loan was taken out when you were at a different address then you should let them know of that address.
If the finance company then reply and say that you still owe them money and give an acceptable repayment figure to you then you should write and state that you will only be prepared to do this if they are prepared to write a letter either to yourself or the credit reference agency asking that the default notice etc. be removed from your file
Fred Bloggs ABC Finance Ltd 2 June 2001
I am writing to you concerning a record that has been recorded on my file by the credit reference agencies concerning a debt that I owed to you. If this debt has now been repaid or settled could you please write and confirm this so that 1 can clear my name with the credit reference agency. If the debt has not been settled could you please write and give me the details of what you would require to settle the outstanding amount.
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Downloads
IVA's
The IVA Guide
Money Advice Direct has put together an IVA Guide based on the enquiries and questions that we receive at our helpline offices.
In the guide we cover such subjects as IVA Approval, early settlment of your IVA, missed IVA payments, IVA failure, additional debt claims and much more.
[click here for IVA Guide]
What is an IVA?
The IVA is an extremely powerful tool enabling you to clear your debt and return to a clean financial bill of health. Visit Money Advice Direct's Guide to Individual Voluntary Arrangements (IVAs).
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DANGER
Due to the tremendous demand for debt consolidation services the United Kingdom is now overloaded with debt management companies that contain misleading information. [more...]