This form is a sample letter from a law firm to opposing counsel confirming the payment schedule of defendant.
Dear [Creditor's Name], I am writing to discuss a potential payment arrangement for the outstanding balance on my account. As a resident of San Jose, California, I value maintaining good relationships with local businesses and would like to work together to find a solution that suits both parties. San Jose, California, known as the "Capital of Silicon Valley," is a vibrant city filled with innovation, cultural diversity, and economic growth. However, despite my best efforts, I have experienced unexpected financial difficulties that have hindered my ability to make full payment on my account at this time. I understand the importance of fulfilling my financial obligations and assure you that I am committed to resolving this matter. To demonstrate my sincerity, I propose a payment arrangement that is manageable for me while meeting the outstanding balance effectively. Option 1: Monthly Installments: I kindly request that my outstanding balance be divided into equal monthly installments. By doing so, I can allocate a portion of my monthly income toward settling the debt promptly. I suggest a payment plan of [insert proposed monthly payment amount] per month until the balance is paid in full. Option 2: Lump Sum Payment: Alternatively, if it is currently not feasible for me to commit to monthly payments, I am exploring the possibility of making a lump sum payment. Although it may need some time for me to gather the necessary funds, I am determined to settle the account swiftly. Therefore, I propose to make a lump sum payment of [insert proposed dollar amount] by [insert proposed date]. Option 3: Extended Payment Period: Considering the financial constraints I am currently facing, I would like to request an extension on the payment period. This would provide me with additional time to stabilize my financial situation while ensuring I meet my obligations. I suggest extending the repayment period by [insert proposed number of months]. Whichever option you find most suitable, I assure you that I am fully committed to making payments on time and clearing my outstanding balance as efficiently as possible. Additionally, please note that I am willing to sign a written agreement confirming the agreed-upon payment arrangement to ensure clarity and transparency for both parties. I believe a flexible payment arrangement will demonstrate my dedication to resolving this matter and preserve our positive working relationship. I genuinely value the services and products your company offers and hope to continue our association for years to come. Thank you for your time, understanding, and consideration. I kindly request that you review my proposal and respond at your earliest convenience. Should you require any additional information or have any questions, please do not hesitate to reach out to me. Sincerely, [Your Name] [Your Address] [City, State, ZIP] [Phone number] [Email Address]
