Oklahoma 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 Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP Code] Subject: Request for Payment Plan concerning Default Dear [Recipient's Name], I hope this letter finds you well. I am writing to discuss an urgent matter regarding the outstanding balance on my account, which has unfortunately resulted in default. I am deeply committed to fulfilling my financial obligations and wish to rectify this situation promptly. First and foremost, I would like to express my sincere apologies for the delay in making the required payments. Due to unforeseen circumstances beyond my control, such as unexpected medical expenses and job loss, I have encountered significant financial constraints. However, I believe it is essential to take responsibility for my debts and restore my financial stability. Considering my commitment to resolve this matter, I would like to propose a formal payment plan to repay the outstanding amount in a manner that is manageable for both parties. I understand that the accelerated interest charges and penalties incurred due to the default have only added to the burden. Therefore, I humbly request your understanding and cooperation in revising the terms of the original agreement. Please find enclosed a detailed proposal of the payment plan I have devised, taking into account my existing financial circumstances. The proposed plan aims to maintain regular and consistent installment payments until the entire balance is satisfied. I assure you that if this revised agreement is accepted, I will adhere diligently to the agreed-upon terms. I kindly request you to review the proposed payment plan carefully, and if you find it acceptable, please provide me with written confirmation of your agreement. Furthermore, I believe that by working together, we can achieve a mutually beneficial solution that allows me to make amends without further straining my finances. In the event that my proposal does not align with your requirements, I would greatly appreciate the opportunity to discuss alternative options to resolve this matter satisfactorily. I am open to considering different terms that take into account both your organization's policies and my financial capabilities. I urge you to treat this request with utmost importance and expedite the review process, as resolving this default is of paramount importance to me. Furthermore, I would be more than willing to communicate and cooperate with you further on this matter to find a suitable solution. Thank you for your time and attention to this matter. I eagerly await your response and look forward to resolving this issue in a timely manner. Should you have any questions or require further clarification, please do not hesitate to contact me at [Phone Number] or [Email Address]. Sincerely, [Your Name]

[Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP Code] Subject: Request for Payment Plan concerning Default Dear [Recipient's Name], I hope this letter finds you well. I am writing to discuss an urgent matter regarding the outstanding balance on my account, which has unfortunately resulted in default. I am deeply committed to fulfilling my financial obligations and wish to rectify this situation promptly. First and foremost, I would like to express my sincere apologies for the delay in making the required payments. Due to unforeseen circumstances beyond my control, such as unexpected medical expenses and job loss, I have encountered significant financial constraints. However, I believe it is essential to take responsibility for my debts and restore my financial stability. Considering my commitment to resolve this matter, I would like to propose a formal payment plan to repay the outstanding amount in a manner that is manageable for both parties. I understand that the accelerated interest charges and penalties incurred due to the default have only added to the burden. Therefore, I humbly request your understanding and cooperation in revising the terms of the original agreement. Please find enclosed a detailed proposal of the payment plan I have devised, taking into account my existing financial circumstances. The proposed plan aims to maintain regular and consistent installment payments until the entire balance is satisfied. I assure you that if this revised agreement is accepted, I will adhere diligently to the agreed-upon terms. I kindly request you to review the proposed payment plan carefully, and if you find it acceptable, please provide me with written confirmation of your agreement. Furthermore, I believe that by working together, we can achieve a mutually beneficial solution that allows me to make amends without further straining my finances. In the event that my proposal does not align with your requirements, I would greatly appreciate the opportunity to discuss alternative options to resolve this matter satisfactorily. I am open to considering different terms that take into account both your organization's policies and my financial capabilities. I urge you to treat this request with utmost importance and expedite the review process, as resolving this default is of paramount importance to me. Furthermore, I would be more than willing to communicate and cooperate with you further on this matter to find a suitable solution. Thank you for your time and attention to this matter. I eagerly await your response and look forward to resolving this issue in a timely manner. Should you have any questions or require further clarification, please do not hesitate to contact me at [Phone Number] or [Email Address]. Sincerely, [Your Name]