Holding Letter
Save, fill-In The Blanks, Print, Done!
Download Holding Letter
Microsoft Word (.docx)Or select the format you want and we convert it for you for free:
- This Document Has Been Certified by a Professional
- 100% customizable
- This is a digital download (30.92 kB)
- Language: English
- We recommend downloading this file onto your computer.
How to write a credit hold letter to a lender due to temporary difficult situation?
The meaning of a credit hold is an often temporary setting in the customer's credit terms which blocks certain actions that can be performed by the customer, or allows for more time by the lender to the customer to pay back which deviates from the existing terms and conditions. When you are drafting a credit holding letter, consider the following Holding Letter template:
Credit Holding request to lender:
Dear Name,
I am writing to tell you that I am getting advice about my current financial difficulties.
Because of this, I would appreciate it if you could hold action on the above account for at least 30 days to give me the time and space I need to do a budget sheet and work out the best way to deal with my debts.
Also, if you are adding interest or other charges to the account, I would be grateful if you would freeze these during this period, so that my debt does not get any bigger.
I will contact you again in 30 days, and discuss further details of my financial situation and my proposals for dealing with my debts.
I look forward to hearing from you as soon as possible. Please send all correspondence directly to me. Thank you in anticipation.
Yours faithfully,
Download this credit holding letter template now for your reference.
DISCLAIMER
Nothing on this site shall be considered legal advice and no attorney-client relationship is established.
Leave a Reply. If you have any questions or remarks, feel free to post them below.
Related templates
Latest templates
Latest topics
- Hourly Weekly Schedule Template
How do I make an hourly schedule? Streamline your daily planning with our versatile hourly daily weekly schedule templates - Excel Templates
Where do I find templates for Excel? How do I create a template in Excel? Check these editable and printable Excel Templates and download them directly! - GDPR Compliance Templates
What do you need to become GDPR compliant? Are you looking for useful GDPR document templates to make you compliant? All these compliance documents will be available to download instantly... - Daily Report Sheets For Preschool
How do you create a kindergarten schedule or write a daily report for a preschool? Check out these preschool templates here. - Celcius To Farenheit Chart
How to Download our temperature Celsius to Fahrenheit conversion charts and streamline your temperature calculations and conversions here.
cheese
