Subject: Resolving Debt Responsibly — Sample Letter for Compromise on a Debt in Wake, North Carolina Dear [Creditor's Name], I hope this letter finds you well. I am writing to discuss a matter that has been weighing on my mind significantly — the outstanding debt that I have with your esteemed company. I am a resident of Wake, North Carolina, and I believe that open communication and responsible financial management are key elements in dealing with such situations. Being fully aware of my financial responsibilities, I acknowledge the debt I owe to your company. Unfortunately, circumstances beyond my control and unforeseen events have put me in a challenging position to fully meet my financial obligations at this time. However, I strive to find a mutually beneficial solution that allows both parties to resolve this matter amicably. To that end, I propose a compromise in the form of a debt settlement plan. While it may not fully settle the debt, it will significantly reduce the financial burden on my shoulders and demonstrate my commitment to fulfilling my obligations. I genuinely believe that reaching a compromise will not only benefit me but also showcase your company's willingness to work with individuals in challenging situations. I have given careful thought to my financial circumstances and available resources. After a thorough evaluation of my income, monthly expenses, and obligations, I am prepared to offer [Percentage/Amount] of the outstanding debt as a one-time payment, if acceptable to you. This proposed compromise is a sincere reflection of my current financial capabilities and is aimed at resolving the debt in a timely and responsible manner. I understand that agreeing to this compromise may involve some financial implications for your company. Nonetheless, I kindly request that you consider my proposal as a means to avoid a lengthy and potentially costly legal process. By accepting this offer, you will save both parties valuable time, resources, and potentially preserve the long-standing relationship we have shared. Moreover, as a resident of Wake, North Carolina, I firmly believe in upholding our local values, including fairness, compassion, and a commitment to community well-being. I trust that you share this sentiment and would genuinely consider my proposal in light of these principles. If you find my offer reasonable and worthy of consideration, kindly provide written confirmation of your acceptance, detailing the revised terms and conditions of the settlement. Upon the receipt of your acceptance, I will promptly arrange for the payment to be made in the proposed manner, ensuring that both parties can put this matter behind us and move forward. I greatly appreciate your time, understanding, and willingness to review my proposal. I remain open to further discussion or negotiation, should you deem necessary, to reach an acceptable compromise. Thank you for your attention to this matter, and I look forward to your response within a reasonable timeframe. Yours sincerely, [Your Full Name] [Your Address] [City, State, ZIP] [Phone Number] [Email Address]
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.