Payment Reduction Request Letter For Cheque

State:
Multi-State
Control #:
US-0277LR
Format:
Word; 
Rich Text
Instant download

Description

Sample Letter for Request to Creditor for Temporary Reduction of Loan Payment Amount

How to fill out Payment Reduction Request Letter For Cheque?

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FAQ

Respected Sir/Madam, I am (Name) and I serve as (Designation) to M/s (Company Name) . We are maintaining a good business relation with your company for last (Duration Months/ Years) and I am writing this letter to seek some reduction in the price of goods that we order.

Dear Sir/Madam, I have obtained a car/home/personal loan from your esteemed bank as per the following details. I would like to humbly request you to lower the interest rate on the loan amount as it is becoming extremely difficult for me to pay the loan installments. a) Loan account number: .

Dear Sir/ Madam, This is in with reference to the purchase of (Product/ Service/ Project) against your purchase order no. (order number) dated // (Date). We would like to request you for changing payment terms to (mention new terms).

Dear Creditor: Due to a layoff, I am temporarily out of work and am experiencing financial difficulty. Due to my financial hardship and in order to meet necessary household expenses plus credit payments, I am asking each creditor to accept a reduced payment for the next (#) months on my debt.

My name is (Name) and I write to notify you of outstanding payment of (Money amount) dollars. (Describe in your words). This payment regards that (Specification) was delivered to your company's location at (Address) on the date (DD/MM/YY). We wish to request that you honor the payment agreement at your earliest.

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More info

Call and write your bank or credit union. Tell your bank that you have "revoked authorization" for the company to take automatic payments from your account.Offer accepted: cheque paid into bank. A debtor sent the creditor a cheque with an offer to settle. Send certified mail, with "Restricted Delivery" return receipt requested. Date:______(write date here). A letter of credit (LOC) is a bank document that guarantees a payment. How to write business letters to convince your recipient to respond or act. You can use the following templates you may only need the first to notify the bouncedcheck writer and demand payment. Find list of Standard Request Letter format documents of various Trade Transactions that helps you prepare your Trade Documents.

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Payment Reduction Request Letter For Cheque