Dear Sir/Madam
Account No:
Thank you for your of about the above account. We are sorry that you feel unable to suspend interest charges on the above account. The majority of our other creditors have agreed to the offer of payment and agreed to suspend any interest charges still being added. They have accepted that adding further interest would not help us in our present financial difficulties, and can only increase our total debt.
As you are aware, we have already paid a lot of interest on our account. If interest charges continue, the monthly instalments we are paying will not even cover that interest. Also, the cooperation of our other creditors who have agreed to freeze interest already would be put at risk.
We would therefore be grateful if you would reconsider your decision not to freeze the interest. This would mean that the monthly payments we make would actually reduce the amount we owe to your company.
We look forward to hearing from you.
Yours faithfully