Kansas 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. Subject: Request for Payment Plan to Resolve Default on Outstanding Balance — Urgent Attention Required Dear [Creditor's Name], I hope this letter finds you well. I am writing to explain the current financial hardship I am facing, which has led to my inability to make timely payments towards my outstanding balance with your organization. As a responsible individual, I am seeking a solution to rectify this matter and, hence, I kindly request your assistance in initiating a payment plan that suits my current financial situation. I understand and acknowledge my responsibility for the debt I owe, and I genuinely want to fulfill my obligations. Unfortunately, unforeseen circumstances, such as unexpected medical bills and loss of employment, have made it extremely challenging for me to maintain regular payments. In an effort to rectify this issue and express my sincere commitment to resolving the defaulted payments, I propose the following payment plan: 1. Payment Distribution and Schedule: — Initial Payment: [amount] on [date]— - Monthly Payments: [amount] on [date] of each subsequent month until the balance is completely settled. 2. Payments Method: — I request that the payments be deducted directly from my bank account on the agreed-upon dates. Therefore, I have attached a voided check to facilitate this process efficiently. 3. Confirmation and Receipt: — I kindly request receiving a written confirmation of acceptance for the proposed payment plan. Additionally, I would appreciate a receipt for each payment made as proof of payment. By agreeing to this payment plan, I assure you that I am committed to resolving this situation promptly. This proposal demonstrates my dedication to fulfilling my financial obligations, despite the existing difficulties. I sincerely hope you understand the seriousness of my financial circumstances and are willing to work with me to find a reasonable solution. I firmly believe that this proposed payment arrangement will enable us to move forward positively without further complications. Please consider this letter as an urgent request and respond at your earliest convenience, preferably within [number of days] to initiate the payment plan. I am available at [your contact information] should you require any additional information or wish to discuss this matter further. Thank you for your understanding and providing me with the opportunity to address this defaulted payment issue. I look forward to your favorable response, which will help alleviate my current financial distress and enable me to reestablish my financial stability. Yours faithfully, [Your Name] [Your Address] [City, State, ZIP] [Your Contact Information] Keyword: Kansas Sample Letter for Request for Payment Plan concerning Default.

Subject: Request for Payment Plan to Resolve Default on Outstanding Balance — Urgent Attention Required Dear [Creditor's Name], I hope this letter finds you well. I am writing to explain the current financial hardship I am facing, which has led to my inability to make timely payments towards my outstanding balance with your organization. As a responsible individual, I am seeking a solution to rectify this matter and, hence, I kindly request your assistance in initiating a payment plan that suits my current financial situation. I understand and acknowledge my responsibility for the debt I owe, and I genuinely want to fulfill my obligations. Unfortunately, unforeseen circumstances, such as unexpected medical bills and loss of employment, have made it extremely challenging for me to maintain regular payments. In an effort to rectify this issue and express my sincere commitment to resolving the defaulted payments, I propose the following payment plan: 1. Payment Distribution and Schedule: — Initial Payment: [amount] on [date]— - Monthly Payments: [amount] on [date] of each subsequent month until the balance is completely settled. 2. Payments Method: — I request that the payments be deducted directly from my bank account on the agreed-upon dates. Therefore, I have attached a voided check to facilitate this process efficiently. 3. Confirmation and Receipt: — I kindly request receiving a written confirmation of acceptance for the proposed payment plan. Additionally, I would appreciate a receipt for each payment made as proof of payment. By agreeing to this payment plan, I assure you that I am committed to resolving this situation promptly. This proposal demonstrates my dedication to fulfilling my financial obligations, despite the existing difficulties. I sincerely hope you understand the seriousness of my financial circumstances and are willing to work with me to find a reasonable solution. I firmly believe that this proposed payment arrangement will enable us to move forward positively without further complications. Please consider this letter as an urgent request and respond at your earliest convenience, preferably within [number of days] to initiate the payment plan. I am available at [your contact information] should you require any additional information or wish to discuss this matter further. Thank you for your understanding and providing me with the opportunity to address this defaulted payment issue. I look forward to your favorable response, which will help alleviate my current financial distress and enable me to reestablish my financial stability. Yours faithfully, [Your Name] [Your Address] [City, State, ZIP] [Your Contact Information] Keyword: Kansas Sample Letter for Request for Payment Plan concerning Default.