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

• Category: Letters - Legal - Bankruptcy
• State: Multi-State
• County: Queens
• 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 address a matter of significant concern regarding my outstanding dues in regard to my [loan/credit card/personal debt] account [Account Number]. I acknowledge the default on my payment obligations and wish to request a payment plan to settle the amount owed. As a resident of Queens, New York, I have always strived to maintain a good credit history and fulfill my financial obligations promptly. However, due to [explain the reason for default, such as unforeseen medical expenses, unemployment, or other valid circumstances], I have fallen behind on my payments. I understand the importance of fulfilling my responsibilities and want to resolve this default in a mutually acceptable manner. Therefore, I kindly request your understanding and cooperation in establishing a realistic payment plan that can alleviate the burden of the full outstanding balance. Considering my financial circumstances and income, I propose the following payment plan: 1. Monthly Installment Amount: [Specify the amount you can afford to pay towards the debt each month] 2. Duration of Payment Plan: [Specify the number of months/years you propose to meet the outstanding balance] 3. Preferred Payment Method: [Specify how you would like to make payments, such as automatic deductions, online payments, or checks] I assure you of my commitment to honor this payment plan diligently and promptly, striving to make timely payments until the entire owed amount is settled. My intention is not to evade my financial obligations but to resolve the matter responsibly. I kindly request that you review and consider my proposal for the payment plan. If my proposal is acceptable, please provide written confirmation of the agreement so that I can initiate the payments immediately and avoid any further complications. I would like to emphasize that I am eager to rectify this financial discrepancy as soon as possible to maintain a positive relationship with your establishment. I believe that through mutual understanding and cooperation, we can find a solution that is both fair and feasible. Thank you for your time and attention to this matter. Your immediate consideration and prompt response will be greatly appreciated. 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 address a matter of significant concern regarding my outstanding dues in regard to my [loan/credit card/personal debt] account [Account Number]. I acknowledge the default on my payment obligations and wish to request a payment plan to settle the amount owed. As a resident of Queens, New York, I have always strived to maintain a good credit history and fulfill my financial obligations promptly. However, due to [explain the reason for default, such as unforeseen medical expenses, unemployment, or other valid circumstances], I have fallen behind on my payments. I understand the importance of fulfilling my responsibilities and want to resolve this default in a mutually acceptable manner. Therefore, I kindly request your understanding and cooperation in establishing a realistic payment plan that can alleviate the burden of the full outstanding balance. Considering my financial circumstances and income, I propose the following payment plan: 1. Monthly Installment Amount: [Specify the amount you can afford to pay towards the debt each month] 2. Duration of Payment Plan: [Specify the number of months/years you propose to meet the outstanding balance] 3. Preferred Payment Method: [Specify how you would like to make payments, such as automatic deductions, online payments, or checks] I assure you of my commitment to honor this payment plan diligently and promptly, striving to make timely payments until the entire owed amount is settled. My intention is not to evade my financial obligations but to resolve the matter responsibly. I kindly request that you review and consider my proposal for the payment plan. If my proposal is acceptable, please provide written confirmation of the agreement so that I can initiate the payments immediately and avoid any further complications. I would like to emphasize that I am eager to rectify this financial discrepancy as soon as possible to maintain a positive relationship with your establishment. I believe that through mutual understanding and cooperation, we can find a solution that is both fair and feasible. Thank you for your time and attention to this matter. Your immediate consideration and prompt response will be greatly appreciated. Sincerely, [Your Name]