Maine 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. [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Position] [Company/Organization Name] [Address] [City, State, ZIP] Subject: Request for Payment Plan concerning Default Dear [Recipient's Name], I hope this letter finds you well. I am writing to discuss the outstanding balance on my account ([your account number]) with [Company/Organization Name]. Regrettably, due to unforeseen circumstances, I have fallen behind on my payments, resulting in default. I fully understand and acknowledge my financial obligations and take responsibility for the defaulted payment. However, I am writing to request your understanding and cooperation in setting up a manageable payment plan to settle the debt. I am committed to resolving this matter and restoring the financial relationship between us. I kindly ask you to review my current financial situation and consider the proposed payment plan detailed below: 1. Total Outstanding Balance: [Amount due] 2. Proposed Payment Plan: — Monthly Installment Amount: [Proposed amount] — Duration: [Number of months— - Starting Date: [Choose a date for the first payment] 3. Payment Method: [Indicate how you intend to make payments, e.g., bank transfer, check, electronic payment] I assure you that this payment plan is tailored to my current income and expenses, designed with the intent of promptly satisfying my debt. By adhering to the proposed plan, I aim to meet my financial obligations while simultaneously ensuring minimal disruption to my daily life. I understand that you may have reservations regarding my capacity to follow through on the proposed payment plan. To reassure you, I am enclosing relevant supporting documents, including my recent bank statements, pay stubs, and a personal letter explaining the circumstances that led to the default. These documents are intended to demonstrate my commitment and willingness to resolve the situation in an honest and responsible manner. Additionally, I kindly request the following from your end: 1. Confirmation of receiving this letter and document attachments. 2. Acknowledgment and agreement to the proposed payment plan. 3. Provision of any alternative suggestions or modifications to the payment plan, if necessary. 4. Temporary suspension of any late fees and interest charges to facilitate the settlement process. I would be grateful if you could confirm your acceptance of the proposed payment plan by [Specify the response deadline, e.g., within 10 business days]. Upon receiving your approval, I will commence by submitting my first payment as scheduled. Thank you for your understanding and cooperation in considering my request. I genuinely value the business relationship we have established and assure you that I will make every effort to rectify this situation promptly. If you have any additional questions or require further information, please do not hesitate to contact me at [Your phone number] or [Your email address]. I eagerly await your positive response and look forward to resolving this matter amicably. Yours sincerely, [Your Name]

[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Position] [Company/Organization Name] [Address] [City, State, ZIP] Subject: Request for Payment Plan concerning Default Dear [Recipient's Name], I hope this letter finds you well. I am writing to discuss the outstanding balance on my account ([your account number]) with [Company/Organization Name]. Regrettably, due to unforeseen circumstances, I have fallen behind on my payments, resulting in default. I fully understand and acknowledge my financial obligations and take responsibility for the defaulted payment. However, I am writing to request your understanding and cooperation in setting up a manageable payment plan to settle the debt. I am committed to resolving this matter and restoring the financial relationship between us. I kindly ask you to review my current financial situation and consider the proposed payment plan detailed below: 1. Total Outstanding Balance: [Amount due] 2. Proposed Payment Plan: — Monthly Installment Amount: [Proposed amount] — Duration: [Number of months— - Starting Date: [Choose a date for the first payment] 3. Payment Method: [Indicate how you intend to make payments, e.g., bank transfer, check, electronic payment] I assure you that this payment plan is tailored to my current income and expenses, designed with the intent of promptly satisfying my debt. By adhering to the proposed plan, I aim to meet my financial obligations while simultaneously ensuring minimal disruption to my daily life. I understand that you may have reservations regarding my capacity to follow through on the proposed payment plan. To reassure you, I am enclosing relevant supporting documents, including my recent bank statements, pay stubs, and a personal letter explaining the circumstances that led to the default. These documents are intended to demonstrate my commitment and willingness to resolve the situation in an honest and responsible manner. Additionally, I kindly request the following from your end: 1. Confirmation of receiving this letter and document attachments. 2. Acknowledgment and agreement to the proposed payment plan. 3. Provision of any alternative suggestions or modifications to the payment plan, if necessary. 4. Temporary suspension of any late fees and interest charges to facilitate the settlement process. I would be grateful if you could confirm your acceptance of the proposed payment plan by [Specify the response deadline, e.g., within 10 business days]. Upon receiving your approval, I will commence by submitting my first payment as scheduled. Thank you for your understanding and cooperation in considering my request. I genuinely value the business relationship we have established and assure you that I will make every effort to rectify this situation promptly. If you have any additional questions or require further information, please do not hesitate to contact me at [Your phone number] or [Your email address]. I eagerly await your positive response and look forward to resolving this matter amicably. Yours sincerely, [Your Name]