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Step 3.7

If Your Offer is Not Accepted

• Write again to your creditor asking that your offer be reconsidered.
• Include with the letter the amount you offered.
• If you creditor is refusing to freeze interest and other charges do point out that your offer was based on interest being frozen, otherwise the debt will not reduce.
• If your creditor persists in refusing the offer you have made they can do nothing to get their money back without going to court. (see Info on Courts)
• If your agreement is a hire purchase agreement and you have paid back one third of the loan your creditor cannot repossess the goods automatically. (See Info on Hire Purchase)

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