What if the people I owe do not accept the reduced payment?
Make your payment anyway.
Whatever amount you send, by law the people you owe have to accept the payment and credit it to your account.
How do I make a smaller payment to my debt?
There are a few ways you can make your payment:
- Set up a standing order using your lender's account details
- Send them a postal order
- Use the payment slips they send you, if they send them
Will the people I owe stop my interest and charges?
Some of the people you owe may agree to stop the interest and charges. But, they do not have to do this and may decide to keep adding them.