This form is a sample letter from a law firm to opposing counsel confirming the payment schedule of defendant.
Subject: New Mexico — Sample Letter for Payment Arrangements Dear [Creditor's Name], I hope this letter finds you well. I am writing to discuss a matter concerning the payment of my outstanding debt and to propose a payment arrangement that is feasible for both parties involved. As a resident of the beautiful state of New Mexico, I understand the importance of fulfilling my financial obligations, and I am committed to settling this debt responsibly. However, due to unforeseen circumstances, I am currently facing temporary financial difficulties that have hindered my ability to make the agreed-upon payments on time. I kindly request your understanding and cooperation in working together to establish a mutually beneficial payment arrangement that allows me to repay the debt without causing further financial strain. I believe that by doing so, we can avoid any legal complications and maintain a positive relationship going forward. There are several types of payment arrangements that can be considered, depending on what suits your preferences and my financial situation: 1. Lump Sum Payment: If feasible, I can make a one-time payment to settle the entire debt. This option may result in some additional financial constraints but could bring the issue to a swift resolution. 2. Installment Plan: An installment plan would involve dividing the total outstanding amount into smaller, manageable payments. This could be set up on a monthly or bi-weekly basis, depending on your preference. 3. Deferred Payment/Awaiting Financial Resources: If you are willing to grant me some time, I anticipate improved financial circumstances in the near future. A deferred payment arrangement would allow me to make payments once my financial resources are more stable. 4. Staggered Payment: Another possibility is to structure the payments in a staggered manner, where I would pay a larger amount at the beginning and gradually decrease the payment sizes over time. Considering the legal framework of the state of New Mexico, I want to assure you that state collection laws and relevant regulations will be abided by throughout the payment arrangement process. I kindly request your consideration of my situation and your willingness to reach an agreement that takes into account both our interests. I propose initiating a dialogue to discuss the various payment arrangements mentioned above and to explore any other options you may suggest for my particular situation. Please remember that my sole intention is to resolve this matter amicably and demonstrate my commitment to fulfilling my financial responsibilities. I believe that through open communication and understanding, we can find a payment arrangement that satisfies both parties involved. I kindly request a prompt response from your side, indicating your acceptance of this proposal or suggesting an alternative arrangement within [proposed timeframe]. Thank you for your time and understanding. I look forward to resolving this matter in a fair and cooperative manner. Sincerely, [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number]Subject: New Mexico — Sample Letter for Payment Arrangements Dear [Creditor's Name], I hope this letter finds you well. I am writing to discuss a matter concerning the payment of my outstanding debt and to propose a payment arrangement that is feasible for both parties involved. As a resident of the beautiful state of New Mexico, I understand the importance of fulfilling my financial obligations, and I am committed to settling this debt responsibly. However, due to unforeseen circumstances, I am currently facing temporary financial difficulties that have hindered my ability to make the agreed-upon payments on time. I kindly request your understanding and cooperation in working together to establish a mutually beneficial payment arrangement that allows me to repay the debt without causing further financial strain. I believe that by doing so, we can avoid any legal complications and maintain a positive relationship going forward. There are several types of payment arrangements that can be considered, depending on what suits your preferences and my financial situation: 1. Lump Sum Payment: If feasible, I can make a one-time payment to settle the entire debt. This option may result in some additional financial constraints but could bring the issue to a swift resolution. 2. Installment Plan: An installment plan would involve dividing the total outstanding amount into smaller, manageable payments. This could be set up on a monthly or bi-weekly basis, depending on your preference. 3. Deferred Payment/Awaiting Financial Resources: If you are willing to grant me some time, I anticipate improved financial circumstances in the near future. A deferred payment arrangement would allow me to make payments once my financial resources are more stable. 4. Staggered Payment: Another possibility is to structure the payments in a staggered manner, where I would pay a larger amount at the beginning and gradually decrease the payment sizes over time. Considering the legal framework of the state of New Mexico, I want to assure you that state collection laws and relevant regulations will be abided by throughout the payment arrangement process. I kindly request your consideration of my situation and your willingness to reach an agreement that takes into account both our interests. I propose initiating a dialogue to discuss the various payment arrangements mentioned above and to explore any other options you may suggest for my particular situation. Please remember that my sole intention is to resolve this matter amicably and demonstrate my commitment to fulfilling my financial responsibilities. I believe that through open communication and understanding, we can find a payment arrangement that satisfies both parties involved. I kindly request a prompt response from your side, indicating your acceptance of this proposal or suggesting an alternative arrangement within [proposed timeframe]. Thank you for your time and understanding. I look forward to resolving this matter in a fair and cooperative manner. Sincerely, [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number]
