Delaware 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. Dear [Creditor's Name], I hope this message finds you well. I am writing to discuss the current default on my outstanding debt and to propose a payment plan arrangement to effectively resolve it. I understand the importance of maintaining a good credit standing, and I am eager to rectify this issue promptly. Firstly, let me provide you with some background information. I am a resident of Delaware and have been facing financial difficulties due to unforeseen circumstances that have severely impacted my ability to make regular payments. However, I am committed to addressing this outstanding debt and request your cooperation in structuring a payment plan that suits both parties. I have reviewed my financial situation thoroughly and have determined that I can afford a monthly payment towards the debt. Based on my calculations, I propose a monthly payment of [dollar amount]. This payment is realistic considering my current income and expenses, and I am confident in my ability to honor this commitment. Furthermore, it would be greatly appreciated if you could consider waiving any accumulated interest or penalties on the debt owed. This would significantly alleviate the burden and enable me to clear the outstanding balance sooner. I understand that, as per Delaware law, the creditor holds the right to charge interest, but I kindly request your consideration in this matter. I strongly believe that this proposed payment plan is fair and reasonable, and it would allow me to gradually eliminate the debt without further straining my financial situation. Furthermore, I am committed to making timely payments and will provide any necessary updates regarding changes in my financial circumstances along the way. Please find enclosed the necessary documentation, including my financial statement, which outlines my income, expenses, and assets. I trust that this will assist you in understanding my current situation and evaluating the proposed payment plan. I kindly request a response within [number of days], confirming your acceptance of this payment plan proposal. Should you require any additional information or documentation, please do not hesitate to contact me at [phone number] or [email address]. I am readily available and eager to resolve this matter amicably. Thank you for your attention to this matter. I sincerely hope we can reach a mutual agreement and ensure a positive resolution to our financial arrangement. Yours sincerely, [Your Name] [Your Address] [City, State, ZIP] [Phone Number] [Email Address] Keywords: Delaware, sample letter, request for payment plan, default, outstanding debt, financial difficulties, credit standing, commitment, cooperative, structure, monthly payment, income, expenses, waiving, interest, penalties, Delaware law, fair, reasonable, timely payments, financial statement, assets, response, mutual agreement.

Dear [Creditor's Name], I hope this message finds you well. I am writing to discuss the current default on my outstanding debt and to propose a payment plan arrangement to effectively resolve it. I understand the importance of maintaining a good credit standing, and I am eager to rectify this issue promptly. Firstly, let me provide you with some background information. I am a resident of Delaware and have been facing financial difficulties due to unforeseen circumstances that have severely impacted my ability to make regular payments. However, I am committed to addressing this outstanding debt and request your cooperation in structuring a payment plan that suits both parties. I have reviewed my financial situation thoroughly and have determined that I can afford a monthly payment towards the debt. Based on my calculations, I propose a monthly payment of [dollar amount]. This payment is realistic considering my current income and expenses, and I am confident in my ability to honor this commitment. Furthermore, it would be greatly appreciated if you could consider waiving any accumulated interest or penalties on the debt owed. This would significantly alleviate the burden and enable me to clear the outstanding balance sooner. I understand that, as per Delaware law, the creditor holds the right to charge interest, but I kindly request your consideration in this matter. I strongly believe that this proposed payment plan is fair and reasonable, and it would allow me to gradually eliminate the debt without further straining my financial situation. Furthermore, I am committed to making timely payments and will provide any necessary updates regarding changes in my financial circumstances along the way. Please find enclosed the necessary documentation, including my financial statement, which outlines my income, expenses, and assets. I trust that this will assist you in understanding my current situation and evaluating the proposed payment plan. I kindly request a response within [number of days], confirming your acceptance of this payment plan proposal. Should you require any additional information or documentation, please do not hesitate to contact me at [phone number] or [email address]. I am readily available and eager to resolve this matter amicably. Thank you for your attention to this matter. I sincerely hope we can reach a mutual agreement and ensure a positive resolution to our financial arrangement. Yours sincerely, [Your Name] [Your Address] [City, State, ZIP] [Phone Number] [Email Address] Keywords: Delaware, sample letter, request for payment plan, default, outstanding debt, financial difficulties, credit standing, commitment, cooperative, structure, monthly payment, income, expenses, waiving, interest, penalties, Delaware law, fair, reasonable, timely payments, financial statement, assets, response, mutual agreement.