A Request to Spread the Debt into Installments – How to Write?

How to write a request to spread the debt into installments? We should refer to the lender or debt collector for an application for spreading the debt into installments. It should contain information about our loan and justification for our request. A signature is also valid, which will add to the validity of the letter. If the lender does not agree to spread the debt into installments, we can reach for a debt loan. What conditions must be met to apply for it?

When to apply for the debt to installments?

When to apply for the debt to installments?

Not every borrower deals with the repayment of debt resulting from, for example, non – payment of a loan in installments. It is worth contacting our lender at such a moment. It will help to match our current financial situation with a solution that will nevertheless allow us to maintain good creditworthiness.

We can take advantage of extending the deadline for cash or credit holidays. It is also worth being interested in writing an application for spreading the debt into installments. Thanks to this, our creditor will know the current financial situation and will approach the issue more favorably. However, we can not be sure that our application will be considered positively. It depends on many factors, for example the amount of our debt.

How to write an application for spreading the debt into installments?

How to write an application for spreading the debt into installments?

If we’ve made the decision to write an application, it’s worth knowing how to write a request to spread the debt into installments. First of all, we should write the document ourselves. Should be included in it:

  • place and date of preparing the letter;
  • our details, including your name, PESEL, address;
  • the number of our debt case, e.g. the loan agreement number with which we are liable;
  • creditor’s details;
  • a sentence expressing a request for payment in installments;
  • our proposal to repay the debt;
  • justification of the application;
  • signature.

Remember: an application for spreading the debt into smaller installments can be submitted even after receiving a reminder or finding yourself in the National Debt Register. What’s more, you can file an application for payment in installments with both your lender and the collection agency. It is important to do this before the bailiff takes care of it.

Application for payment in installments – justification

Application for payment in installments - justification

The key element of our application should be justification. The lender must know exactly why our financial situation deserves favor and attention. Therefore, we should precisely describe the current situation, taking into account current income or the situation in the family.

The justification for the application for spreading the debt into installments can be, for example:

  • job loss;
  • disease;
  • death of relatives.

Our arguments should be accompanied by documents that will confirm lower account receipts or their total lack. Thanks to this, the lender will know that we are not stifling anything before him and will certainly help us avoid the spiral of debt.

Where does a loan for indebted people come from?

Where does a loan for indebted people come from?

If the lender does not agree to spread the debt into installments, we should not give up. The financial market offers loans to indebted people. We can therefore apply for additional money that will allow us to repay the current debt.

A loan for indebted people is offered on favorable terms and with a minimum of formalities. We can apply for it without leaving home. Most companies that offer them only need to be 18 and have an active mobile phone and bank account. If we know that in the near future we will not have a stable income that will allow us to repay a new loan, we should not reach for another one.