District of Columbia Sample Letter for Request for Payment Plan concerning Default

• Category: Letters - Legal - Bankruptcy
• State: Multi-State
• Control #: US-0799LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. District of Columbia Sample Letter for Request for Payment Plan concerning Default Subject: Request for Payment Plan concerning Default — [Your Name] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP Code] Dear [Recipient's Name], I hope this letter finds you well. I am writing to address the outstanding balance on my account and express my sincere desire to resolve the matter amicably. I understand the importance of fulfilling financial obligations promptly, and I am committed to rectifying the default on my account. As a resident of the District of Columbia, I am fully aware of the legal and ethical responsibilities that come with financial agreements. In light of the current situation, I kindly request your understanding and cooperation in assisting me to create a suitable payment plan to clear my outstanding balance. Upon reviewing my financial situation, I acknowledge my inability to settle the full amount in one lump sum. However, I am genuinely committed to paying off the outstanding balance as soon as possible and would appreciate your flexibility in allowing me to do so through a payment plan. I believe that this arrangement will benefit both parties involved, as it will allow me to fulfill my obligations while ensuring that you receive regular and consistent payments. I am proposing a payment plan based on [insert proposed terms, such as a monthly installment amount or percentage of the total balance] with payments scheduled to commence on [insert preferred date]. Furthermore, I assure you that I will strictly adhere to the proposed plan and make every effort to honor my financial commitment to you. To support my request, I have attached a detailed breakdown of my current financial situation, including my income, expenses, and other outstanding obligations. I hope this information assists you in evaluating the feasibility of the proposed payment plan. In return for your understanding and consideration, I kindly request that you cease any further collection activities or legal actions during the negotiation and duration of the payment plan. This will provide me with the necessary peace of mind and ensure that I can focus on fulfilling my financial obligations without unnecessary stress. I am hopeful that we can reach a mutually satisfactory agreement promptly. I would greatly appreciate it if you could respond to this letter within [insert a reasonable timeframe, e.g., 14 days] to discuss the proposed payment plan further. Should you have any additional requirements or suggestions, please do not hesitate to contact me at [your contact information]. Thank you for your attention to this matter. I genuinely appreciate your understanding and cooperation. I am confident that by working together, we can find a mutually beneficial solution that allows me to rectify my default and maintain a positive financial relationship. Yours sincerely, [Your Name] [Your Address] [City, State, ZIP Code] Optional: Enclosures: 1. Detailed breakdown of current financial situation.

District of Columbia Sample Letter for Request for Payment Plan concerning Default Subject: Request for Payment Plan concerning Default — [Your Name] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP Code] Dear [Recipient's Name], I hope this letter finds you well. I am writing to address the outstanding balance on my account and express my sincere desire to resolve the matter amicably. I understand the importance of fulfilling financial obligations promptly, and I am committed to rectifying the default on my account. As a resident of the District of Columbia, I am fully aware of the legal and ethical responsibilities that come with financial agreements. In light of the current situation, I kindly request your understanding and cooperation in assisting me to create a suitable payment plan to clear my outstanding balance. Upon reviewing my financial situation, I acknowledge my inability to settle the full amount in one lump sum. However, I am genuinely committed to paying off the outstanding balance as soon as possible and would appreciate your flexibility in allowing me to do so through a payment plan. I believe that this arrangement will benefit both parties involved, as it will allow me to fulfill my obligations while ensuring that you receive regular and consistent payments. I am proposing a payment plan based on [insert proposed terms, such as a monthly installment amount or percentage of the total balance] with payments scheduled to commence on [insert preferred date]. Furthermore, I assure you that I will strictly adhere to the proposed plan and make every effort to honor my financial commitment to you. To support my request, I have attached a detailed breakdown of my current financial situation, including my income, expenses, and other outstanding obligations. I hope this information assists you in evaluating the feasibility of the proposed payment plan. In return for your understanding and consideration, I kindly request that you cease any further collection activities or legal actions during the negotiation and duration of the payment plan. This will provide me with the necessary peace of mind and ensure that I can focus on fulfilling my financial obligations without unnecessary stress. I am hopeful that we can reach a mutually satisfactory agreement promptly. I would greatly appreciate it if you could respond to this letter within [insert a reasonable timeframe, e.g., 14 days] to discuss the proposed payment plan further. Should you have any additional requirements or suggestions, please do not hesitate to contact me at [your contact information]. Thank you for your attention to this matter. I genuinely appreciate your understanding and cooperation. I am confident that by working together, we can find a mutually beneficial solution that allows me to rectify my default and maintain a positive financial relationship. Yours sincerely, [Your Name] [Your Address] [City, State, ZIP Code] Optional: Enclosures: 1. Detailed breakdown of current financial situation.