Template letter to make reduced debt payments

Use this letter template to ask a creditor to accept reduced payment on a debt. For more on this topic, see our guidance on negotiating payment terms with creditors. This template is available as a document you can download. You can modify it to suit your situation.

  • Reviewed for legal accuracy in June 2018
  • This information applies to British Columbia, Canada
  • Time to read: 2 minutes

Reviewed for legal accuracy by

Mario Garcia, CarbonCure Technologies

Mario Garcia

Also on this topic

Work it out

Template letter to ask that a debt be written off

Work it out

Template demand letter for a loan

Work it out

Template letter to say you can't make payments

Work it out

Template letter to make a debt settlement offer

Work it out

Template loan agreement

Work it out

Template release of loan agreement

Still not sure what to do?

If you're looking for advice specific to your situation, there are options for free or low-cost help.

Options for legal help