[Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP Code] Subject: Request for Payment Plan concerning Default Dear [Recipient's Name], I hope this letter finds you in good health. I am writing to address an outstanding balance of $[Amount Owed] that I owe to [Company/Institution Name]. Due to unforeseen circumstances, I have encountered financial difficulties that prevent me from making the full payment at once. Hence, I am requesting your kind consideration in establishing a payment plan to resolve the default on my account. [If there are different types of New York Sample Letters for Request for Payment Plan concerning Default, name them:] Depending on the specific situation and the entity to which you owe the payment, you can opt for one of the following New York Sample Letters for Request for Payment Plan concerning Default: 1. New York Sample Letter for Requesting Payment Plan from a Business/Service Provider 2. New York Sample Letter for Requesting Payment Plan from a Utility Company 3. New York Sample Letter for Requesting Payment Plan from a Financial Institution I understand the importance of fulfilling my financial obligations on time and assure you that it is my intention to rectify this situation promptly. With this request, I aim to propose a mutually agreeable payment plan, which would allow me to gradually settle the outstanding debt over a specified period. After evaluating my financial resources and considering my other monthly obligations, I have devised the following proposed payment plan: 1. Total Amount Owed: $[Amount Owed] 2. Proposed Monthly Installment: $[Proposed Monthly Installment] 3. Duration of Payment Plan: [Number of Months/Years] I kindly request your cooperation and willingness to consider the proposed payment plan. Please understand that this is the maximum amount I can afford to pay at this time based on my financial circumstances. However, should my financial situation improve, I commit to increasing the monthly installment or repaying the remainder of the balance before the agreed-upon duration. I kindly request you to examine my situation empathetically and provide your approval for this payment plan within [specify a reasonable time frame, such as 10 business days]. I assure you that once the payment plan is agreed upon, I will strictly adhere to it and fulfill my financial obligation as per the provided terms. If you require any additional information or documentation to process this request, please let me know, and I will promptly provide whatever is necessary. I value your understanding and cooperation in resolving this matter amicably and avoiding any negative impact on my creditworthiness. Thank you for your attention to this matter. I eagerly await your favorable response. Sincerely, [Your Name]
New York Sample Letter for Request for Payment Plan concerning Default
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How to fill out New York Sample Letter For Request For Payment Plan Concerning Default?
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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.
What to include in a demand letter for money owed? Include how much money you are owed. ... Include why you are owed money. ... Include your contact information so that the other party can reach you in case they would like to come to an agreement over the money owed with you or have follow up questions.
State why you are writing the letter. Outline the facts/story leading up to the demand letter in a chronological manner. State the legal basis for your claim. State how you will pursue legal action if your demand is not met, and include a timeline within which the demand is to be met.
Log in to your Online Services account (You'll need to create an account if you don't already have one). Select the ? Services menu in the upper left-hand corner of your Account Summary homepage. Select Payments, bills and notices, and then Installment payment agreement from the drop-down menu.
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.
A demand letter should always be polite. Using abusive or threatening language will not work in your favor ? not only will it make the defendant less likely to want to settle your claim, it could even cause damage to your actual case.
Frequently Asked Questions (FAQ) Type your letter. ... Concisely review the main facts. ... Be polite. ... Write with your goal in mind. ... Ask for exactly what you want. ... Set a deadline. ... End the letter by stating you will promptly pursue legal remedies if the other party does not meet your demand. Make and keep copies.
The amount remaining unpaid on the debt is $ (amount due). Demand is hereby made that this money be paid. Unless payment of this amount is received by the undersigned no later than (date payment expected), a lawsuit will be brought against you in the commercial claims part of the court.
