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Home » 1000 Sample Letter » Proposal Letter » Letter proposing payment plan to creditor

Letter proposing payment plan to creditor

Description

Send this letter to your creditors when unable to make the payment they request. The letter template includes an explanation for the inability to pay, and encloses a partial payment until full payment can be made.

User
[Street Address]
[City, ST ZIP Code]
[Date]

[Recipient Name]
[Title]
[Company Name]
[Street Address]
[City, ST ZIP Code]

Dear [Recipient Name]:

We have received your most recent request for payment in full on our account.
Due to the recent [description of problem] and the resulting loss of revenue, we are unable to make full payment this month.
We are enclosing a good faith payment of $[amount], and we plan to make similar monthly payments until our account is fully paid.
Please contact us if you have questions, or if you want to suggest other arrangements.
We appreciate your understanding and cooperation as we recover from this temporary financial setback.
Sincerely,
User
Enclosure
cc: [Recipient]

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