This form is a sample letter from a law firm to opposing counsel confirming the payment schedule of defendant.
[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Request for Payment Arrangements — Account #[Account Number] Dear [Recipient's Name], I hope this letter finds you in good health. I am writing to discuss a payment arrangement for my outstanding balance on my account with [Company Name]. As a resident of Arkansas, I understand the importance of honoring financial commitments, and I am committed to resolving this matter promptly. I am facing unexpected financial difficulties due to [explain the reason briefly, e.g., medical expenses, loss of employment, or other personal circumstances]. Unfortunately, this has resulted in my inability to maintain regular payments. Considering my situation, I would like to propose a payment arrangement that would facilitate the settlement of my outstanding balance without causing further financial strain. After careful evaluation of my financial capabilities, I have created a practical plan for regular payments. Under this proposed payment arrangement, I kindly request your approval to: 1. Reduce my monthly payment to: [proposed reduced amount, if applicable]. 2. Extend the overall repayment period by [number of months]. 3. Suspend any additional interest or penalties that may accumulate during this period. 4. Provide flexibility in payment methods, such as online payment, check, or money order. By accepting these revised terms, I assure you that I will do everything in my power to honor my financial commitment within the proposed timeframe. I understand that this agreement is subject to your approval and requires a written acknowledgement from your end. I kindly request you to review this proposal and respond to me as soon as possible, preferably before [date]. Furthermore, I genuinely value my association with [Company Name] and believe that by working together, we can find a mutually agreeable solution. Furthermore, I am open to discussing alternative options or modifying this proposal to better fit my financial circumstances. Please contact me through the provided email address or phone number to discuss this matter further. Thank you for your understanding and cooperation. I look forward to resolving this issue and continuing our professional relationship. Sincerely, [Your Name] Keywords: Arkansas payment arrangement letter, sample letter for payment arrangements, request for payment arrangement, outstanding balance, financial difficulties, reduce monthly payment, extend repayment period, suspend interest and penalties, online payment, flexibility in payment methods, personal circumstances, unexpected financial difficulties, approval of revised terms, written acknowledgement.
