Title: Houston, Texas: Sample Letter to Creditor Requesting Temporary Payment Reduction Keywords: Houston, Texas, letter, creditor, temporary payment reduction, sample, financial hardship, repayment plan, negotiation, extension of due date, financial assistance, financial obligations, financial challenges, economic downturn, personal finances --- Dear [Creditor's Name], I hope this letter finds you well. I am writing to request a temporary payment reduction for my financial obligations with your esteemed organization. I am a resident of Houston, Texas and have been experiencing significant financial challenges due to the recent economic downturn caused by [mention specific event or circumstance, if applicable]. Currently, my personal finances have been severely affected, and I find it difficult to maintain my regular payment schedule. I have been a responsible and diligent debtor in the past, but circumstances beyond my control have now made meeting my financial obligations a considerable burden. Considering the enduring economic challenges and my genuine intention to honor my debts, I kindly request that you review my situation and consider granting me a temporary payment reduction. This reduction would greatly alleviate my financial stress and enable me to regain stability during this difficult time. I propose the following terms for a temporary payment reduction: 1. A reduction of [specify percentage or dollar amount] on my monthly payment for a period of [mention the duration, preferably a specific number of months]. — Alternative: A temporary freeze on payments for [specific time period]. 2. An extension of the due date for the coming [specify number of payments (e.g., two, three, etc.)]. I humbly request that you consider the proposed options and offer any alternative plans that may better suit my current circumstances. My ultimate goal is to fulfill my financial responsibilities, and I am open to any reasonable arrangement that will help me regain financial stability during this challenging period. To provide a more comprehensive view of my financial situation and justify the need for a temporary payment reduction, I have attached relevant supporting documents, including proof of income and expenses. I understand that this request, if approved, is not a solution to my financial obligations but a temporary measure to assist me in regaining my financial strength. I am committed to working with you to create a mutually beneficial repayment plan that aligns with my current financial capabilities and ensures my debts are ultimately settled. Furthermore, I genuinely appreciate your consideration and understanding during this challenging time. Should you require any additional information or wish to further discuss this matter, please feel free to contact me at your earliest convenience at [your contact number] or [your email address]. Thank you for your time and cooperation. I trust that you will give my request the attention it deserves, and I look forward to your favorable response soon. Yours sincerely, [Your 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.