Maricopa Arizona Sample Letter for Request for Payment Plan concerning Default

• Category: Letters - Legal - Bankruptcy
• State: Multi-State
• County: Maricopa
• 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. Sample Letter for Request for Payment Plan Concerning Default [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 to Resolve Defaulted Account Dear [Recipient's Name], I hope this letter finds you well. I am writing to discuss the outstanding balance on my account with [Company/Organization Name] and to propose a payment plan to settle the defaulted amount. I understand that I have fallen behind on my payments, and I am committed to rectifying this matter responsibly and effectively. Since the default occurred, I have reviewed my financial situation thoroughly and have taken steps to improve it. However, due to unforeseen circumstances, I have experienced difficulties fulfilling the original repayment terms. I genuinely regret any inconvenience I may have caused and assure you that I am fully dedicated to resolving this issue promptly. To rectify the situation, I propose the following payment plan: 1. Payment Schedule: I request that the outstanding balance of $[Amount] be divided into monthly installments over a period of [Number of Months]. Each installment will be fixed at $[Proposed Monthly Amount]. 2. Confirmation of Agreement: Once this payment plan is formally approved, I commit to making the agreed-upon payments promptly and in accordance with the stipulated schedule. I understand that failure to adhere to the agreed payment plan may result in further actions being taken by [Company/Organization Name]. 3. Method of Payment: I prefer to make these payments via [Preferred Payment Method]. Please provide me with the necessary details to ensure smooth and timely transactions. 4. Statement of Intent: By entering into this payment plan, I intend to rectify the defaulted account and rebuild a positive credit history. This settlement will benefit both parties involved, as it will resolve the outstanding balance and allow me to demonstrate my financial responsibility. I kindly request that you consider my proposal for the payment plan to resolve the defaulted account. I am committed to fulfilling my financial obligations and firmly believe that this mutually beneficial arrangement will allow me to do so. Please acknowledge receipt of this letter, and I eagerly await your prompt response. If you require any additional information or would like to discuss this matter further, please feel free to reach out to me at the contact details provided above. Thank you for your understanding and cooperation. I am confident that with the proposed payment plan, we can amicably resolve this default issue and maintain a positive business relationship going forward. Sincerely, [Your Name]

Sample Letter for Request for Payment Plan Concerning Default [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 to Resolve Defaulted Account Dear [Recipient's Name], I hope this letter finds you well. I am writing to discuss the outstanding balance on my account with [Company/Organization Name] and to propose a payment plan to settle the defaulted amount. I understand that I have fallen behind on my payments, and I am committed to rectifying this matter responsibly and effectively. Since the default occurred, I have reviewed my financial situation thoroughly and have taken steps to improve it. However, due to unforeseen circumstances, I have experienced difficulties fulfilling the original repayment terms. I genuinely regret any inconvenience I may have caused and assure you that I am fully dedicated to resolving this issue promptly. To rectify the situation, I propose the following payment plan: 1. Payment Schedule: I request that the outstanding balance of $[Amount] be divided into monthly installments over a period of [Number of Months]. Each installment will be fixed at $[Proposed Monthly Amount]. 2. Confirmation of Agreement: Once this payment plan is formally approved, I commit to making the agreed-upon payments promptly and in accordance with the stipulated schedule. I understand that failure to adhere to the agreed payment plan may result in further actions being taken by [Company/Organization Name]. 3. Method of Payment: I prefer to make these payments via [Preferred Payment Method]. Please provide me with the necessary details to ensure smooth and timely transactions. 4. Statement of Intent: By entering into this payment plan, I intend to rectify the defaulted account and rebuild a positive credit history. This settlement will benefit both parties involved, as it will resolve the outstanding balance and allow me to demonstrate my financial responsibility. I kindly request that you consider my proposal for the payment plan to resolve the defaulted account. I am committed to fulfilling my financial obligations and firmly believe that this mutually beneficial arrangement will allow me to do so. Please acknowledge receipt of this letter, and I eagerly await your prompt response. If you require any additional information or would like to discuss this matter further, please feel free to reach out to me at the contact details provided above. Thank you for your understanding and cooperation. I am confident that with the proposed payment plan, we can amicably resolve this default issue and maintain a positive business relationship going forward. Sincerely, [Your Name]