North Dakota Sample Letter for Payment Arrangements

State:
Multi-State
Control #:
US-0070LTR
Format:
Word; 
Rich Text
Instant download

Description

This form is a sample letter from a law firm to opposing counsel confirming the payment schedule of defendant.

Subject: North Dakota Sample Letter for Payment Arrangements — Ensuring Clear Financial Commitments Dear [Recipient's Name], I hope this letter finds you well. I am writing to discuss and establish payment arrangements in accordance with the financial obligations we have regarding [specific matter/transaction]. North Dakota, known as the Peace Garden State, is a thriving region known for its picturesque landscapes, rich cultural heritage, and friendly communities. As a responsible citizen, I understand the significance of fulfilling my financial commitments promptly. On that note, I am eager to present some favorable payment options that will help us reach a mutually beneficial agreement. 1. Deferred Payment Arrangement: With this arrangement, I kindly request to postpone the due date for [specific payment] to a more manageable timeframe. By awaiting the mentioned date, I will be able to ensure timely remittance without any inconvenience to either party. 2. Installment Payment Plan: In an effort to meet my financial obligations responsibly, I propose dividing the total amount due into a series of smaller, manageable payments. This arrangement enables me to fulfill my commitment consistently over a period of [timeframe, e.g., six months], thereby minimizing financial strain. 3. Temporary Financial Hardship Arrangement: Due to unforeseen circumstances, I am currently experiencing a temporary financial hardship. In light of this situation, I humbly request your understanding and willingness to modify the payment terms accordingly. This could involve temporarily reducing the payment amounts or extending the payment deadline, granting me the necessary time to stabilize my financial situation. 4. Lump Sum Payment: If circumstances allow, I would be grateful for the opportunity to settle the entire outstanding amount in one payment. Should this be possible, please inform me of the necessary steps to complete the transaction successfully. I understand the importance of adhering to these arrangements promptly. Therefore, I assure you that once we mutually agree on a suitable payment plan, I will strictly adhere to the agreed-upon terms and fulfill my financial obligations accordingly. To proceed further, I kindly request your prompt response indicating your acceptance of one of the aforementioned payment arrangements or discussing any alternate options you may find appropriate in our situation. This will enable us to finalize the agreement at the earliest convenience, ensuring clear communication and mutual understanding. Thank you for your attention to this matter. I genuinely appreciate your consideration and understanding. I look forward to resolving this matter amicably and continuing our professional relationship. Yours sincerely, [Your Name] [Your Contact Information]

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FAQ

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.

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.

The main body should be informative about the reason behind writing the letter and the pending payment to be made. In conclusion, thank the recipient and then end the main body content. Inclusion of any informal information in the letter should be avoided. Keep the tone of the letter polite and respectful.

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.

More info

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North Dakota Sample Letter for Payment Arrangements