I really like this letter.....has anyone used it?
Date: Fri, 09/26/2008 - 06:23
Date:
Re:
Dear Sir/ Madam,
I am presently going through some financial difficulties and fear that I will not be able to meet my monthly payments to you. I do not want to declare bankruptcy and want to try and work out an alternate payment plan so that I don�t have to default on this debt.
I would like to suggest a strategy if it is acceptable. If you could close my account, waive the interest payments and accept a new balance of <50> of what I currently owe, then I can afford to make a monthly payment of $_____.
(Relate your financial trouble, only as much is required for official purposes)
I am sure you will agree to the situation which has caused this fallout. Please feel free to have one of your representatives call me and work out the final strategy.
If you feel, you can�t adjust the payment plan; I would be forced to default on this account. I intend to pay creditors who can work for me.
Thanks for your cooperation,
Sincerely,
Has anyone used this letter? Were you already late or on the verge? Was it successful for you?
Thanks
That letter sounds good to me, at least you are making an effort
That letter sounds good to me, at least you are making an effort to pay back your original debt. Depending on what kind of debt it is and your payment history they may agree to this.
