Important: This letter can be used as a guide. You must insert your own details where appropriate and delete any information that is not relevant to your situation.

Always date your letters. Always keep a copy of the letter you send.

GET LEGAL ADVICE IF YOU DON'T UNDERSTAND

[write Date here]

[write Name and Address of Lender here]

Dear Manager,

Request for a Postponement of exercise of rights
Account name:
Account no:

I/We wish to apply to you for a:

Postponement of exercise of rights under section 86 of the Consumer Credit Code 1996; and
Postponement of any applicable acceleration clause under the loan contract.

I/We anticipate being in a position to:

[Delete one of the below:]

• Payout the loan
• Pay the alleged arrears owing (and any payments falling due during that time) on / /

I/we ask that you consider this application as a matter of urgency.

I/Weassume you will stay all enforcement action whilst you consider this application. If this is not possible please let me know immediately in writing.

I/We await your reply in writing.

____________________
[Full name]

Warning: This letter is information only and should not be relied upon as legal advice.