How to contact creditors for a reduced payment planIf you're in financial problems, you may need to contact your creditors and request an alternative payment plan. This is when a letter to contact creditors can help you. Letter to contact creditors for reduced payment plan Your Name
Your Address Your Phone#
Creditor's Name
Department Creditor's Address
Date
Re: Account Number__________ This letter is to make you aware of my current financial problem due to which I am unable to make payments on my debt account stated above. However, I have no plans to file bankruptcy, but I also do not intend to default on my account. I do have some income coming in from sources like [name the sources here]. However, I have already communicated with some of my creditors requesting them to accept a reduced payment of $________ in place of my regular payments of $__________. I can assure you that I shall not add to any new debt until and unless my financial situation gets better. I hereby notify that I shall update you about my financial situation at regular intervals and continue to make normal payments as soon as the situation gets better. I appreciate your co-operation in advance. Yours sincerely, Your Signature Your Name |
|
|
