Wake North Carolina Sample Letter for Request for Payment Plan concerning Default

• Category: Letters - Legal - Bankruptcy
• State: Multi-State
• County: Wake
• 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] [Email Address] [Phone Number] [Date] [Name of Recipient] [Recipient's Address] [City, State, ZIP] Subject: Request for Payment Plan concerning Default Dear [Name of Recipient], I hope this letter finds you well. I am writing to discuss the payment plan options available to rectify the recent default on my account with [Company/Organization Name]. As a resident of Wake, North Carolina, I am committed to resolving this matter promptly and responsibly. First and foremost, I want to express my sincere regret for falling behind on my payments. Due to unforeseen circumstances [briefly explain the reason for default, if applicable, e.g., loss of employment, medical expenses], I have encountered financial challenges that have made it difficult to meet my payment obligations. However, I am fully dedicated to resolving this issue and restoring my account to good standing. I kindly request your understanding and assistance in establishing a mutually agreeable payment plan that allows me to clear my outstanding balance progressively. I am committed to honoring my obligations and believe that with a structured payment plan, I can quickly regain financial stability while ensuring the gradual repayment of the amount owed. To that end, I propose the following payment plan options: 1. Lump-Sum Settlement: — I understand that settling the full outstanding amount at once may not be viable for me at this time. However, if it is possible to offer a reduced lump-sum amount to resolve the debt, I would be willing to explore this option. 2. Monthly Installment Plan: — Given my current financial situation, I propose a monthly installment plan where I can make regular payments towards the outstanding balance until it is completely cleared. I suggest an affordable amount of $[proposed amount] per month, payable on [preferred payment date] starting from [start date]. 3. Other Flexible Options: — I am open to discussing any alternative payment plans or solutions that you may propose, which better suit both parties involved. Please feel free to suggest any modifications or adjustments that would assist in resolving this matter. I understand the importance of fulfilling my obligations promptly and assure you that I will strictly adhere to the agreed-upon payment plan. Upon reaching an agreement, I kindly request a written confirmation outlining the terms and conditions of the payment plan for our mutual reference. Furthermore, I am confident that by taking this proactive approach to resolve the default, our business relationship can be restored and maintained. I value the services provided by [Company/Organization Name] and believe in the fairness and goodwill demonstrated by your esteemed establishment. Thank you for considering my request. I kindly request your prompt attention to this matter and look forward to receiving your positive response at your earliest convenience. If you require any additional documentation or information, please do not hesitate to contact me. Thank you for your understanding, and I am eagerly working towards resolving this matter amicably. Sincerely, [Your Name]

[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Name of Recipient] [Recipient's Address] [City, State, ZIP] Subject: Request for Payment Plan concerning Default Dear [Name of Recipient], I hope this letter finds you well. I am writing to discuss the payment plan options available to rectify the recent default on my account with [Company/Organization Name]. As a resident of Wake, North Carolina, I am committed to resolving this matter promptly and responsibly. First and foremost, I want to express my sincere regret for falling behind on my payments. Due to unforeseen circumstances [briefly explain the reason for default, if applicable, e.g., loss of employment, medical expenses], I have encountered financial challenges that have made it difficult to meet my payment obligations. However, I am fully dedicated to resolving this issue and restoring my account to good standing. I kindly request your understanding and assistance in establishing a mutually agreeable payment plan that allows me to clear my outstanding balance progressively. I am committed to honoring my obligations and believe that with a structured payment plan, I can quickly regain financial stability while ensuring the gradual repayment of the amount owed. To that end, I propose the following payment plan options: 1. Lump-Sum Settlement: — I understand that settling the full outstanding amount at once may not be viable for me at this time. However, if it is possible to offer a reduced lump-sum amount to resolve the debt, I would be willing to explore this option. 2. Monthly Installment Plan: — Given my current financial situation, I propose a monthly installment plan where I can make regular payments towards the outstanding balance until it is completely cleared. I suggest an affordable amount of $[proposed amount] per month, payable on [preferred payment date] starting from [start date]. 3. Other Flexible Options: — I am open to discussing any alternative payment plans or solutions that you may propose, which better suit both parties involved. Please feel free to suggest any modifications or adjustments that would assist in resolving this matter. I understand the importance of fulfilling my obligations promptly and assure you that I will strictly adhere to the agreed-upon payment plan. Upon reaching an agreement, I kindly request a written confirmation outlining the terms and conditions of the payment plan for our mutual reference. Furthermore, I am confident that by taking this proactive approach to resolve the default, our business relationship can be restored and maintained. I value the services provided by [Company/Organization Name] and believe in the fairness and goodwill demonstrated by your esteemed establishment. Thank you for considering my request. I kindly request your prompt attention to this matter and look forward to receiving your positive response at your earliest convenience. If you require any additional documentation or information, please do not hesitate to contact me. Thank you for your understanding, and I am eagerly working towards resolving this matter amicably. Sincerely, [Your Name]