This form is a sample letter from a law firm to opposing counsel confirming the payment schedule of defendant.
Subject: Establishing a Payment Arrangement — Georgia Sample Letter for Payment Arrangements Dear [Creditor's Name], I hope this letter finds you well. I am writing to discuss the possibility of establishing a payment arrangement for my outstanding debt with your company. As a resident of Georgia, I understand the importance of fulfilling financial obligations and aim to resolve my debt responsibly. I am currently facing financial hardships due to [briefly explain the reason for the financial difficulties, such as job loss, medical expenses, or unexpected circumstances]. Despite these challenges, I am committed to repaying my debt and maintaining a good standing with your esteemed company. I propose the following payment arrangement to gradually settle the outstanding amount: 1. Monthly Installments: I kindly request that you allow me to make monthly payments towards the debt. Based on my current financial situation, I firmly believe that I can allocate [specify an affordable amount] towards the outstanding balance each month. 2. Length of Arrangement: As the debtor, I request that you consider extending the duration of the repayment period. By doing so, it will give me adequate time to gather the necessary funds and ensure that I meet my financial obligations on time. I kindly request a duration of [mention the desired duration, e.g., months or years]. 3. Preferred Payment Method: I kindly ask you to provide me with the flexibility to make payment through [mention available payment methods, such as direct debits, online payments, or money orders]. This will help me choose the most convenient and secure option. 4. Confirming the Agreement: Once we have reached a mutual understanding regarding the payment arrangement, I request a written confirmation of the agreed terms. This will provide us both with assurance and clarity moving forward. It is important to note that I understand the consequences of failing to adhere to the payment arrangement. If, at any time, I am unable to fulfill my commitment, I will promptly communicate the situation with your company and work towards a feasible solution. I believe that establishing this payment arrangement will allow me to manage my financial responsibilities effectively while honoring my commitment to your company. I appreciate your understanding, compassion, and willingness to work with me during this challenging time. Furthermore, I would be grateful for your prompt response to this letter, allowing us to commence the payment arrangement as soon as possible. Should you require any additional information or documentation, please do not hesitate to get in touch. Thank you for your attention to this matter. Sincerely, [Your Name] [Your Address] [City, State, ZIP] [Your Phone Number] [Your Email Address]
