Some debtors are not comfortable asking creditors to write-off a debt completely as they wish to even make a small or token payment to the creditors. This type of offer is normally made when there is an unexpected drop in a debtor’s income but it is expected to be short term. Debtors could offer say £1 or £2 per month as a goodwill gesture and as an acknowledgement that they owe the debt but are unable to meet their commitment in the short term.

There is no guarantee that creditors will accept token payments and it is only an option that may be considered. If the situation looks long term, it may be better to consider other options. (e.g. bankruptcy/write-off).