Nassau New York Sample Letter for Request for Payment Plan concerning Default

• Category: Letters - Legal - Bankruptcy
• State: Multi-State
• County: Nassau
• 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. Subject: Request for Payment Plan concerning Default — Urgent Assistance Required [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Designation] [Company Name] [Company Address] [City, State, ZIP Code] Dear [Recipient's Name], I hope this letter finds you well. I am writing to discuss an urgent matter regarding my outstanding debt to your esteemed organization. As a resident of Nassau, New York, I am familiar with the importance of maintaining a strong financial track record, and I am committed to resolving this issue promptly. Firstly, I express my sincere apologies for the delay in settling my outstanding balance of [Specify Amount] owed to your company. Unfortunately, due to unforeseen circumstances, including [Explain briefly any reasons for the default, such as loss of job, medical emergency, or financial difficulties], I have encountered severe financial hardships that have hindered my ability to make the required payments on time. As a result, I have fallen behind on my payments, and I believe it is in both our interests to establish a mutually beneficial payment plan. I acknowledge my responsibility to fulfill my financial obligations, and I genuinely desire to rectify this situation without further delay or negative consequences. Therefore, I kindly request your cooperation in creating a reasonable and feasible payment plan that will allow me to settle my outstanding balance over an extended period. To ensure transparency and trust, I propose the following terms for the payment plan: 1. Monthly Installments: I request to have my outstanding debt divided into manageable monthly installments. 2. Payment Amount: I understand that the total outstanding balance of [Specify Amount] is due, but given my current financial situation, it is essential to determine an affordable monthly payment amount. 3. Proposed Monthly Payment: Considering my current circumstances, I propose a monthly payment of [Specify Proposed Monthly Payment Amount] to be paid towards the outstanding balance. However, I am open to discussing and negotiating a suitable amount in order to settle the debt as swiftly as possible. 4. Duration of Payment Plan: I suggest a reasonable time frame of [Specify Preferred Duration] to fulfill the payment obligation. However, I am willing to discuss alternative options based on professional advice from your organization. 5. Additional Charges: To ensure a fair settlement, I request that any additional charges or interest be temporarily waived to assist me in meeting my payment obligations. I assure you that I am taking this matter seriously and striving to regain financial stability. I request your empathetic consideration and assistance in formulating a payment plan that will enable me to fulfill my outstanding obligation without imposing further burden or causing any inconvenience to your organization. Kindly regard this letter as my genuine commitment towards reaching a fair resolution. I kindly ask you to respond to this request within [Specify Deadline] to enable us to promptly proceed with the necessary arrangements. I appreciate your understanding and cooperation during this challenging time. Should you require any additional information or documentation, please do not hesitate to contact me at the provided contact details. I sincerely hope we can work together to establish a payment plan that benefits both parties involved. Thank you for your prompt attention to this matter, and I look forward to hearing from you soon. Yours sincerely, [Your Name]

Subject: Request for Payment Plan concerning Default — Urgent Assistance Required [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Designation] [Company Name] [Company Address] [City, State, ZIP Code] Dear [Recipient's Name], I hope this letter finds you well. I am writing to discuss an urgent matter regarding my outstanding debt to your esteemed organization. As a resident of Nassau, New York, I am familiar with the importance of maintaining a strong financial track record, and I am committed to resolving this issue promptly. Firstly, I express my sincere apologies for the delay in settling my outstanding balance of [Specify Amount] owed to your company. Unfortunately, due to unforeseen circumstances, including [Explain briefly any reasons for the default, such as loss of job, medical emergency, or financial difficulties], I have encountered severe financial hardships that have hindered my ability to make the required payments on time. As a result, I have fallen behind on my payments, and I believe it is in both our interests to establish a mutually beneficial payment plan. I acknowledge my responsibility to fulfill my financial obligations, and I genuinely desire to rectify this situation without further delay or negative consequences. Therefore, I kindly request your cooperation in creating a reasonable and feasible payment plan that will allow me to settle my outstanding balance over an extended period. To ensure transparency and trust, I propose the following terms for the payment plan: 1. Monthly Installments: I request to have my outstanding debt divided into manageable monthly installments. 2. Payment Amount: I understand that the total outstanding balance of [Specify Amount] is due, but given my current financial situation, it is essential to determine an affordable monthly payment amount. 3. Proposed Monthly Payment: Considering my current circumstances, I propose a monthly payment of [Specify Proposed Monthly Payment Amount] to be paid towards the outstanding balance. However, I am open to discussing and negotiating a suitable amount in order to settle the debt as swiftly as possible. 4. Duration of Payment Plan: I suggest a reasonable time frame of [Specify Preferred Duration] to fulfill the payment obligation. However, I am willing to discuss alternative options based on professional advice from your organization. 5. Additional Charges: To ensure a fair settlement, I request that any additional charges or interest be temporarily waived to assist me in meeting my payment obligations. I assure you that I am taking this matter seriously and striving to regain financial stability. I request your empathetic consideration and assistance in formulating a payment plan that will enable me to fulfill my outstanding obligation without imposing further burden or causing any inconvenience to your organization. Kindly regard this letter as my genuine commitment towards reaching a fair resolution. I kindly ask you to respond to this request within [Specify Deadline] to enable us to promptly proceed with the necessary arrangements. I appreciate your understanding and cooperation during this challenging time. Should you require any additional information or documentation, please do not hesitate to contact me at the provided contact details. I sincerely hope we can work together to establish a payment plan that benefits both parties involved. Thank you for your prompt attention to this matter, and I look forward to hearing from you soon. Yours sincerely, [Your Name]