Requesting Acceptance of Reduced Payments: Budget & Letter Questions

[Unique]

Hi,

 

I'm in the process of preparing my budget and letters to send to a credit card provider who's minimum payments I am know longer able to meet. I do this in the hope that they agree to freeze interest and charges as well as accept reduced payments until my situation changes for the better.

 

I still have a few questions.

 

1) I had another credit card that had a zero balance on. During a family emergency I lent it to my sister and she has charged approximately 1,000 on it. She is making the monthly payments on this card and reducing the balance. I'm wondering how or if I should include this debt on my budget, if so how do I go about explaining that I am not the one making the repayments?

 

2) Should I not make any payments towards my credit card debt until the bank has agreed to my proposed reduced payments?

 

3) Would it be realistic to say in my letter to my credit card provider that I wish for the reduced payments to be accepted until my financial situation improves or should I set a review date for 6-12 months later? Would it be cheeky to say until the debt is repaid even if it means in 40 years time?

 

Sorry for all the questions.

 

Unique

[Unique]

opps looks like I broke it.......

[Unique]

Have I posted in the wrong section or is it true that there's no advise to be given?