This form is a sample letter from a law firm to opposing counsel confirming the payment schedule of defendant.
Maine 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
Due to an unexpected emergency that has occurred, I will be unable to make this payment by the [date] I am requesting an extension of [time] to make this payment. If you review my file, I believe you will find that my payments have generally been made in a timely fashion.
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.
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.
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.
The merchant should spell out the terms of this installment payment plan. Generally, the buyer agrees to make several equal repayments until the purchase is fully paid. If the total cost isn't easy to split into equal installments, there might be a final one-off payment.
Explain the total cost of your services and the proposed length of time the payment plan will run. Outline the payment schedule, including the due date for each work milestone and the expected payments. Discuss any interest or fees that may be associated with the plan, including how you calculate those costs.
This letter is to let you know that I'm currently having some financial difficulties. I'm not able to pay the complete monthly payment on my account because _____________________________________________. (List your personal reason here ? job loss, illness, etc.)
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.
