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The above/attached invoice for [outstanding amount] has recently become overdue for payment. As such, we would appreciate you making this payment as soon as possible. If there is an error on our part and full payment has been made, please get in touch so that the matter can be rectified as a matter of urgency.
Payment Arrangement Agreement Letter Sample Your store credit card is suspended until the balance is paid. The outstanding balance on your account is $471.54. No further interest charges or late charges will be added to your account as long as you make a monthly payment of $40.00 due the 15th of each month.
Due to some unexpected financial difficulties, I cannot make my total payments on time. I am writing to offer a payment arrangement that will allow me to resolve my debt with you. I can make monthly payments of _______ for the next six months. This payment plan should help me pay off my debt in full.
You have to sound firm as well as professional. Add information like the account number, the number of days past due, the amount due, the account summary, the due date of payment, any invoice number, an invoice date, an invoice copy or more, etc. Do not forget to mention that you have previously contacted them.
I have taken a careful look at my financial situation. I have set up a realistic minimum budget for my living expenses and have developed a debt repayment program. I am hoping you will accept a reduced payment of per month. Amounts will be increased as soon as possible until the debt is totally paid.
Recently have come into financial hardship due to and so wish to pay off the debt in instalments. contacting you in good faith so as to demonstrate intention of paying this debt and hope that both of us can reach an agreement. Thank you for your understanding and taking the time to consider the above proposal.
Contact your creditors by phone, email or letter to tell them about your situation and to make an offer to pay the amount you can afford. It's recommended to send a written copy even if you come to agreement over the phone.