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I am requesting that you accept payments of $______________paid on the__________. I assure you that I will add no further debt until my financial situation improves. I will begin making normal payments again as soon as possible. I regret that I have to ask for this consideration and hope that you will understand.
{{date. today}}: Proposal for Payment Plan The Accounts Receivable Department has noted the outstanding balance on your account. To assist you in setting your account current, we are proposing a payment plan. We believe that this flexible arrangement can help you manage your account better without unnecessary pressure.
In place of my regular monthly payment of $__________due on the__________________________. I am requesting that you accept payments of $______________paid on the__________. I assure you that I will add no further debt until my financial situation improves. I will begin making normal payments again as soon as possible.
Recently have come into financial hardship due to and so wish to pay off the debt in instalments. contacting you in good faith so as to demonstrate intention of paying this debt and hope that both of us can reach an agreement. Thank you for your understanding and taking the time to consider the above proposal.
As agreed upon in our conversation, I will make a payment in the amount of: $ _____ on or before the ____ of each month, until ___________ (date). At that time I will then begin making the regular minimum payment on my account. Thank you for working with me during this difficult time.
Contact your creditors by phone, email or letter to tell them about your situation and to make an offer to pay the amount you can afford. It's recommended to send a written copy even if you come to agreement over the phone. Use our template letter for your creditors to contact them about debt repayment plans.
Payment Arrangement Agreement Letter Sample The outstanding balance on your account is $471.54. No further interest charges or late charges will be added to your account as long as you make a monthly payment of $40.00 due the 15th of each month.
I am writing to offer a payment arrangement that will allow me to resolve my debt with you. I can make monthly payments of _______ for the next six months. This payment plan should help me pay off my debt in full. Thank you for considering my request, and thank you for your understanding and cooperation.