Coronavirus COVID-19 Reduced Payment Request Letter To Your Creditors

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Due to the ongoing pandemic, it can be a challenge for lots of people to get by financially. With our Coronavirus COVID-19 Reduced Payment Request Letter To Your Creditors Template, you can inform someone of your situation during these times to help them understand. With the template's written content, you can get started on explaining your financial situation with ease.

Coronavirus COVID-19 Reduced Payment Request Letter To Your Creditors

Dear [Mr. Wendell A McBride],

Good day!

As you must already know that the coronavirus (COVID-19) pandemic has had adverse effects on the global economy today. My company is one of the many who suffered huge losses leading them to reduce the workforce for coping with these tough times. As a result, I have been temporarily laid off from my position and am currently experiencing financial hardships.

I am asking each of my creditors to accept a reduced payment for the next [4] months on my debt as it has become difficult for me to meet the necessary household expenses plus make credit payments. I hope to be back at work by the allotted time. I will notify you if my situation improves sooner.

I will be deeply grateful if you consider my request as I will not be able to meet the regular payment of [$ 10,000]. I will be paying you [$ 5,000] per month during this emergency period. I also ask that you please consider withholding interest on my debt during this period.

Please rest assured that I will notify you and resume regular payments on my debt as soon as I am able to. Feel free to contact me at [Phone: 562-967-8100] anytime as I will be happy to answer your concerns.

Sincerely,

[Carla M Jolly]