[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Debt Collection Agency Name] [Debt Collection Agency Address] [City, State, ZIP] Subject: Debt Compromise Request Dear [Debt Collection Agency Name], I am writing this letter to officially request a compromise on the debt that I owe to [Debt Collection Agency Name]. I am currently facing financial hardship and finding it extremely challenging to meet my financial obligations. I would like to explain my current situation to you in detail. In the past [number of months/years], I have been struggling with several unexpected personal and financial setbacks, including [brief explanation of the setbacks]. These circumstances have greatly impacted my ability to meet all my financial responsibilities, including the debt owed to your agency. After carefully evaluating my financial situation and exploring all available options, it has become apparent that a compromise on my debt is necessary for me to regain my financial stability. Therefore, I kindly request your understanding and cooperation in reaching a mutually beneficial compromise. While I fully acknowledge the debt I owe, it would be highly beneficial for both parties to find a compromise that is fair, reasonable, and manageable for my current financial situation. I propose the following compromise: 1. Reduction of the total outstanding debt amount: I humbly request a reduction in the principal amount of the debt I owe. This reduction should reflect a consideration of my financial hardship while still allowing your agency to recover a reasonable portion of the debt. 2. Flexible repayment terms: Considering my financial constraints, I kindly request a reevaluation of the existing repayment schedule. Specifically, I propose extending the repayment period and considering lower monthly installments that align with my current financial capabilities. I firmly believe that this compromise request is a fair and reasonable solution for both parties involved. I genuinely intend to honor my obligations and make consistent payments based on the agreed terms. Furthermore, I assure you that any compromise reached will be strictly adhered to and implemented promptly. In order to move forward with this compromise request, I kindly request your prompt attention and response. I am fully aware of the implications of the outstanding debt and the potential consequences of not resolving it. Therefore, I sincerely hope that we can find a suitable compromise without further legal or collection actions. I look forward to your positive consideration and an amicable resolution. Please reach out to me at your earliest convenience to discuss the details further. Thank you for your understanding and professional approach to this matter. Yours sincerely, [Your Name]
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.