New Mexico 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 Address] [City, State, ZIP] Subject: Request for Payment Plan concerning Default Dear [Recipient's Name], I hope this letter finds you well. My name is [Your Name], and I am writing to discuss a matter of great importance regarding a default on [mention the date of default] due to financial difficulties. I would like to request a payment plan that would allow me to gradually settle my outstanding balance. I have always strived to meet my financial obligations promptly, but unfortunately, due to unforeseen circumstances, I experienced financial hardships that led to the default on my payment. These circumstances included [briefly explain the reason for the default, such as loss of employment, medical expenses, etc.]. However, I am committed to clearing my debt and rectifying the situation. I believe that establishing a realistic payment plan will provide me with the opportunity to responsibly fulfill my financial obligations. I kindly request your cooperation and understanding in this matter. Considering my current financial situation, I propose the following payment plan: 1. Total outstanding balance: [mention the exact amount]. 2. Monthly installment amount I can reasonably afford: [mention the amount you propose]. 3. Duration of payment plan: [specify the number of months/years you propose]. I assure you that I will make every effort to strictly adhere to the proposed payment plan. Due to the circumstances I faced, it may take a little longer to fully settle my debt, but I am determined to fulfill my obligations and resolve this matter as promptly as possible. I kindly request that you review my proposal and provide your approval at your earliest convenience. In case you find it necessary to suggest any modifications to the proposed payment plan, please do not hesitate to contact me. I am open to discussing alternative arrangements that would be mutually beneficial. I understand the implications of defaulting on payments and the potential impact it may have on my credit score and future financial endeavors. Therefore, I sincerely hope that we can reach a favorable agreement that will allow me to clear my past dues and restore my financial stability. I would appreciate receiving a written agreement outlining the terms and conditions of the agreed-upon payment plan. This will provide clarity for both parties and ensure that our understanding is well-documented. Thank you for your attention to this matter. I genuinely appreciate your understanding and cooperation during this challenging time. I look forward to receiving a positive response and working together to resolve this default diligently. Please feel free to contact me at [Your Phone Number] or [Your Email Address] to discuss this matter further or if you require any additional information. Yours sincerely, [Your Name]

[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Request for Payment Plan concerning Default Dear [Recipient's Name], I hope this letter finds you well. My name is [Your Name], and I am writing to discuss a matter of great importance regarding a default on [mention the date of default] due to financial difficulties. I would like to request a payment plan that would allow me to gradually settle my outstanding balance. I have always strived to meet my financial obligations promptly, but unfortunately, due to unforeseen circumstances, I experienced financial hardships that led to the default on my payment. These circumstances included [briefly explain the reason for the default, such as loss of employment, medical expenses, etc.]. However, I am committed to clearing my debt and rectifying the situation. I believe that establishing a realistic payment plan will provide me with the opportunity to responsibly fulfill my financial obligations. I kindly request your cooperation and understanding in this matter. Considering my current financial situation, I propose the following payment plan: 1. Total outstanding balance: [mention the exact amount]. 2. Monthly installment amount I can reasonably afford: [mention the amount you propose]. 3. Duration of payment plan: [specify the number of months/years you propose]. I assure you that I will make every effort to strictly adhere to the proposed payment plan. Due to the circumstances I faced, it may take a little longer to fully settle my debt, but I am determined to fulfill my obligations and resolve this matter as promptly as possible. I kindly request that you review my proposal and provide your approval at your earliest convenience. In case you find it necessary to suggest any modifications to the proposed payment plan, please do not hesitate to contact me. I am open to discussing alternative arrangements that would be mutually beneficial. I understand the implications of defaulting on payments and the potential impact it may have on my credit score and future financial endeavors. Therefore, I sincerely hope that we can reach a favorable agreement that will allow me to clear my past dues and restore my financial stability. I would appreciate receiving a written agreement outlining the terms and conditions of the agreed-upon payment plan. This will provide clarity for both parties and ensure that our understanding is well-documented. Thank you for your attention to this matter. I genuinely appreciate your understanding and cooperation during this challenging time. I look forward to receiving a positive response and working together to resolve this default diligently. Please feel free to contact me at [Your Phone Number] or [Your Email Address] to discuss this matter further or if you require any additional information. Yours sincerely, [Your Name]