Subject: Wyoming Sample Letter for Compromise on a Debt — A Favorable Solution for Debt Settlement Dear [Creditor's Name], I am writing this letter to discuss a potential arrangement for the debt I owe to [Creditor's Company Name]. Considering my financial circumstances and the challenges that I am currently facing, I would like to propose a compromise on this debt, in the hope of reaching a mutually beneficial resolution. Firstly, I want to express my sincere intentions of honoring my financial obligations. However, due to unforeseen circumstances, such as [briefly explain the situation, e.g., medical expenses, loss of employment, or other financial hardships], I am experiencing significant difficulty in meeting the original payment plan. Wyoming, known as the "Cowboy State," has witnessed its residents facing various economic fluctuations and uncertainties. As a proud resident of Wyoming, I understand the importance of honoring contracts and taking responsibility for financial obligations. It is with this in mind that I am seeking an opportunity to address the outstanding debt in an amicable manner. I propose a realistic compromise of my debt, which would entail reviewing the terms of the original agreement. By delivering this formal request, my intent is to collaborate with you and reach a settlement that will be satisfactory for both parties involved. I kindly request your assistance in evaluating the possibility of the following compromise options: 1. Debt Reduction: We could negotiate a reduced repayment amount that would still reflect a fair portion of the original debt, considering my current financial situation. 2. Extended Payment Terms: We might explore the possibility of extending the repayment period, allowing me more time and flexibility to settle the debt in smaller installments within my means. 3. Interest Rate Adjustment: Another potential solution could be a temporary adjustment or waiver of the interest charges, helping to alleviate some financial burden and expedite the debt settlement process. I understand that my request might require additional documentation and the cooperation of both parties. Therefore, I am prepared to provide any necessary financial statements, hardship letters, or other pertinent information to support my case. By engaging in this dialogue, I believe we can arrive at a mutually beneficial arrangement, ultimately aiding in resolving the outstanding debt promptly and transparently. I kindly request your prompt attention to this matter and appreciate your understanding during this challenging period. Please consider the proposed compromise as a proactive approach that demonstrates my commitment to resolving this debt in an equitable manner. Thank you for your time and consideration. I sincerely hope that we can work together to reach a favorable compromise on this outstanding debt. Yours sincerely, [Your Full Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] Note: It is important to customize the letter according to your specific circumstances and the debt you are addressing. Seek professional advice or legal counsel if necessary.
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.