Dear [Creditor's Name], I hope this letter finds you in good health and high spirits. I am writing to discuss a debt that I owe to [Creditor's Company], and to propose a compromise that would be mutually beneficial for both parties. Firstly, I would like to acknowledge and express my sincere regret for being unable to fulfill my financial obligations as per the agreed terms. Due to unforeseen circumstances, such as [briefly mention the reason for the financial hardship, if applicable], my financial situation has been severely impacted, making it increasingly difficult for me to repay the debt in its entirety. However, I am committed to resolving this matter and am I willing to work together to find a compromise. Understanding the importance of upholding my financial responsibilities, I would like to propose the following agreement to compromise the debt: 1. Debt Amount: As per my records, the outstanding debt amount is currently $[insert debt amount]. 2. Proposed Compromise: I propose a settlement of $[insert proposed amount], which I believe is reasonable given my current financial situation. This represents a compromise of [insert percentage] of the total debt. 3. Payment Terms: In consideration of this compromise, I request the flexibility to pay the agreed-upon settlement amount in installments. I propose making monthly payments of $[insert proposed monthly payment] until the debt is fully settled. I assure you that I will strictly adhere to this repayment plan. 4. Legal Agreement: To ensure the legitimacy and enforceability of this compromise, I suggest that both parties enter into a written agreement. This agreement will outline the agreed-upon settlement amount, payment terms, and any other relevant stipulations. I am more than willing to engage the assistance of a legal professional to draft a formal agreement that protects the interests of both parties. By accepting this proposal, [Creditor's Company] will secure a substantial portion of the outstanding debt, which may otherwise be challenging to recover given my financial circumstances. This compromise not only allows me to address my financial obligations but also demonstrates my commitment to resolving this matter amicably. I kindly request that you carefully consider this proposal and respond within [insert timeframe]. If you require any additional information or would like to discuss this further, I am available at [contact information]. I genuinely hope that we can reach a compromise that benefits both parties and helps put this debt matter to rest. Thank you for your attention to this matter, and I look forward to your prompt response. 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.