This form is a sample letter from a law firm to opposing counsel confirming the payment schedule of defendant.
California Sample Letter for Payment Arrangements
Category:
State:
Multi-State
Control #:
US-0070LTR
Format:
Word;
Rich Text
Instant download
Description
How to fill out Sample Letter For Payment Arrangements?
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FAQ
The letter of agreement typically includes details like the contact information of the involved parties, the agreed-upon payments and the timeline. The purpose of the agreement letter is to protect your rights and clearly state everyone's responsibilities.
Keep the subject of the letter precise and in one sentence. The details of the organisation from which the order has been made and the details of the order itself should be elaborated clearly. The main body should be informative about the reason behind writing the letter and the pending payment to be made.
As I am undergoing some financial crises at present, I may not be able to continue the current payment plan. On reviewing my financial condition and my monthly budget, I found it absolutely necessary to request an alternative payment plan from each of my creditors until my financial state improves.
This amount was due for payment on . 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.
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.
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.
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.
Your debt settlement proposal letter must be formal and clearly state your intentions, as well as what you expect from your creditors. You should also include all the key information your creditor will need to locate your account on their system, which includes: Your full name used on the account. Your full address.
