Minnesota Sample Letter for Reinstatement Agreement Executed to Bring Account Current

• Category: Letters - Legal - Agreements
• State: Multi-State
• Control #: US-0402LTR
• 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] [Credit Card Company/Bank Name] [Address] [City, State, ZIP] Subject: Request for Reinstatement Agreement to Bring Account Current Dear [Credit Card Company/Bank Name], I hope this letter finds you well. I am writing to formally request a reinstatement agreement for my [Credit Card/Bank] account [Account Number]. I am committed to resolving the outstanding balance on my account and bringing it current as soon as possible. Furthermore, I understand that my account is currently in a delinquent state due to missed payments and I deeply regret any inconvenience this may have caused. My intention is to rectify this situation promptly and establish a positive financial standing with [Credit Card Company/Bank Name]. In order to bring my account current, I propose the following terms for the reinstatement agreement: 1. Payment Plan: I request a mutually agreed-upon payment plan that allows me to clear the outstanding balance over a specified timeframe. I am willing to make monthly payments of [Amount] starting from [Date] until the entire balance is settled. 2. Interest Waiver: As a gesture of goodwill, I kindly request a temporary waiver of any interest charges accrued on the delinquent account to facilitate a more favorable financial arrangement. 3. Account Reactivation: Upon execution of this agreement and receipt of my first payment, I request that my [Credit Card/Bank] account be reactivated for use after necessary verification. 4. Removal of Late Payment History: I kindly request that, upon successful completion of the agreed-upon payment plan, any negative or late payment history associated with my account be removed or updated to reflect my commitment to resolving this matter. I assure you that I am dedicated to adhering to the terms and conditions of the reinstatement agreement once it is established. I understand the importance of maintaining a good credit history and will make every effort to prevent any future delinquencies. Please find enclosed a copy of my financial statement as well as supporting documents, including my most recent pay stubs, to demonstrate my financial capability to adhere to the proposed payment plan. I believe this will assist you in understanding my commitment towards bringing my account current. I kindly request you to review my request and provide me with written confirmation of the agreed-upon terms and conditions. Furthermore, I believe that by working together, we can find a solution that benefits both parties involved. Thank you for your time and consideration. I look forward to resolving this matter and continuing a positive relationship with [Credit Card Company/Bank Name]. Should you require any further information or documentation, please do not hesitate to contact me at [Phone Number] or [Email Address]. Sincerely, [Your Name]

[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Credit Card Company/Bank Name] [Address] [City, State, ZIP] Subject: Request for Reinstatement Agreement to Bring Account Current Dear [Credit Card Company/Bank Name], I hope this letter finds you well. I am writing to formally request a reinstatement agreement for my [Credit Card/Bank] account [Account Number]. I am committed to resolving the outstanding balance on my account and bringing it current as soon as possible. Furthermore, I understand that my account is currently in a delinquent state due to missed payments and I deeply regret any inconvenience this may have caused. My intention is to rectify this situation promptly and establish a positive financial standing with [Credit Card Company/Bank Name]. In order to bring my account current, I propose the following terms for the reinstatement agreement: 1. Payment Plan: I request a mutually agreed-upon payment plan that allows me to clear the outstanding balance over a specified timeframe. I am willing to make monthly payments of [Amount] starting from [Date] until the entire balance is settled. 2. Interest Waiver: As a gesture of goodwill, I kindly request a temporary waiver of any interest charges accrued on the delinquent account to facilitate a more favorable financial arrangement. 3. Account Reactivation: Upon execution of this agreement and receipt of my first payment, I request that my [Credit Card/Bank] account be reactivated for use after necessary verification. 4. Removal of Late Payment History: I kindly request that, upon successful completion of the agreed-upon payment plan, any negative or late payment history associated with my account be removed or updated to reflect my commitment to resolving this matter. I assure you that I am dedicated to adhering to the terms and conditions of the reinstatement agreement once it is established. I understand the importance of maintaining a good credit history and will make every effort to prevent any future delinquencies. Please find enclosed a copy of my financial statement as well as supporting documents, including my most recent pay stubs, to demonstrate my financial capability to adhere to the proposed payment plan. I believe this will assist you in understanding my commitment towards bringing my account current. I kindly request you to review my request and provide me with written confirmation of the agreed-upon terms and conditions. Furthermore, I believe that by working together, we can find a solution that benefits both parties involved. Thank you for your time and consideration. I look forward to resolving this matter and continuing a positive relationship with [Credit Card Company/Bank Name]. Should you require any further information or documentation, please do not hesitate to contact me at [Phone Number] or [Email Address]. Sincerely, [Your Name]