[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Debtor's Name] [Debtor's Address] [City, State, ZIP] Subject: Request for Payment Plan concerning Default Dear [Debtor's Name], I hope this letter finds you in good health. My purpose in writing to you today pertains to the outstanding account we have with you. After reviewing the account records, it has come to my attention that you are currently in default of your payment obligations. However, I believe that we can work together to find a feasible solution to fulfill the outstanding payment. Considering our longstanding business relationship [or specify the nature of the relationship], I sincerely wish to resolve this matter amicably and avoid any further legal intervention or adverse consequences for either party. To that end, I kindly request your cooperation in establishing a payment plan that will allow you to gradually settle the amount owed. Given your financial circumstances, I propose the following payment plan: 1. Total Amount Owed: $[insert total amount owed] 2. Monthly Installment: $[insert proposed monthly installment] 3. Starting Date: [insert proposed starting date] 4. Duration of Plan: [insert proposed duration, e.g., number of months] 5. Payment Method: [specify the acceptable payment methods, e.g., check, bank transfer] To move forward with this arrangement, I request an immediate response from you. If you agree to the proposed payment plan, we can work out the necessary details and put it in writing for both parties' clarity and protection. It is essential to commence the payment plan without delay to avoid any further complications. Please be aware that failure to reach an agreement or failure to adhere to the agreed-upon payment plan may result in the initiation of legal actions and potential collection efforts, which could harm your credit history and increase the costs associated with resolving this matter. If you require any further information or would like to discuss this matter further, please do not hesitate to contact me at [your phone number] or email me at [your email address]. I am open to considering any reasonable modifications to the proposed payment plan. Thank you for your attention to this matter. I trust that we can resolve this issue swiftly and amicably. I look forward to your prompt response to initiate the payment plan. Sincerely, [Your Name]
Florida Sample Letter for Request for Payment Plan concerning Default
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How to fill out Sample Letter For Request For Payment Plan Concerning Default?
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FAQ
In place of my regular monthly payment of $__________due on the__________________________. I am requesting that you accept payments of $______________paid on the__________. I assure you that I will add no further debt until my financial situation improves. I will begin making normal payments again as soon as possible.
How to ask someone to pay you for work Avoid letting too much time pass from the payment due date. ... Set up an emailing schedule. ... Send polite reminders before the due date. ... Send a polite but direct email on the due date. ... Firmly remind them when your invoice is overdue. ... Call them if they still don't pay you.
These tips will help you to write a professional letter for requesting payment: Express gratitude for doing business with your client. Keep it short. Be simple and straightforward. Be as detailed as possible in your letter, including the project type, invoice number, amount due, and any other expenses.
What should you include in a letter for invoice payment? Today's date. Client's contact information. Your contact information. Greeting with client's name. Brief description of services rendered and price. Your payment details. Payment due date. Terms and conditions including late fees.
I'm contacting you in regard to invoice #001. This is a friendly reminder that the payment was due on Thursday, November 30 and is now two weeks past due. Please send payment as soon as possible by check or direct transfer. As per my payment terms, you will be charged a late fee of 2% per month for overdue payment.
Use the following steps when writing a letter of request: Include contact details and the date. ... Open with a professional greeting. ... State your purpose for writing. ... Summarise your reason for writing. ... Explain your request in more detail. ... Conclude with thanks and a call to action. ... Close your letter. ... Note any enclosures.
Recently have come into financial hardship due to and so wish to pay off the debt in instalments. contacting you in good faith so as to demonstrate intention of paying this debt and hope that both of us can reach an agreement. Thank you for your understanding and taking the time to consider the above proposal.
Frequently Asked Questions (FAQ) Type your letter. ... Concisely review the main facts. ... Be polite. ... Write with your goal in mind. ... Ask for exactly what you want. ... Set a deadline. ... End the letter by stating you will promptly pursue legal remedies if the other party does not meet your demand. Make and keep copies.
