This form is a sample letter in Word format covering the subject matter of the title of the form.
Maine Sample Letter for Settlement Offer - Instructions to Settle with Conditions
Category:
State:
Multi-State
Control #:
US-0031LTR
Format:
Word;
Rich Text
Instant download
Description
How to fill out Sample Letter For Settlement Offer - Instructions To Settle With Conditions?
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FAQ
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.
I have set up a realistic minimum budget for my living expenses and have developed a debt repayment program. I am hoping you will accept a reduced payment of per month. Amounts will be increased as soon as possible until the debt is totally paid. I hope you find this plan acceptable.
How do you make a settlement offer? Firstly you need to work out how much to offer your creditors and then send your offer to them in writing. Always ask your creditors to confirm they accept your offer in writing before you send them any money.
I have taken a careful look at my financial situation. I have set up a realistic minimum budget for my living expenses and have developed a debt repayment program. I am hoping you will accept a reduced payment of per month. Amounts will be increased as soon as possible until the debt is totally paid.
A debt settlement letter is a written proposal for you to offer a specific amount of money in exchange for the forgiveness of your debt. These letters address why you're unable to pay the debt, how much you're willing to pay now, and what you would like from the creditors in return.
Due to my financial hardship and in order to meet necessary household expenses plus credit payments, I am asking each creditor to accept a reduced payment for the next (#) months on my debt. By that time I hope to be back to work. If my situation improves sooner, I will notify you at that time.
As discussed, you had assured to make the balance payment of Rs.15,000 by the 14th of February, which however has not been made yet. I have attached the bills and receipt with the mail for your reference. I request you to please release the payment latest by 20th February 2022. I hope you cooperate with us.
Include a paragraph explaining your circumstances and details of your financial situation that you want the creditor to take into account. Enter the amount which you can afford to pay. and I want to offer this as full and final settlement of the account.
