Good Faith Partial Payment to Creditor Template

Good Faith Partial Payment to Creditor Template

Download this Good Faith Partial Payment to Creditor Template Design in Google Docs, Word, PDF, Apple Pages, Outlook Format. Easily Editable, Printable, Downloadable.

Do you want to create a document to contact and inform your recipient about making a good faith payment towards a delinquent debt? Then have a go at this exclusive Good Faith Partial Payment to Creditor template you can download here at a moment's notice. This file is ready-made and easy to use in the available file formats. It is professionally made with content users can fully customize to better suit their preferences. Save yourself the hassle and get your work done with this versatile template by downloading now!

GOOD FAITH PAYMENT TO CREDITOR

[DATE]

Dear [RECIPIENT NAME],

I am writing this letter to notify you that I have received your letter dated [DATE 1] regarding my account number [NUMBER] which currently has an outstanding balance amounting to $[NUMBER 1].

Recently, we have experienced a few problems in terms of compiling and gathering all of the necessary accounts receivable. As a result, it has affected all other transactions as well. This has made it more difficult to settle the remaining balance.

As an assurance of equal treatment for all other creditors, I am proposing to you the following plan. I shall compensate for the remainder of my balance by sending monthly payments of $[NUMBER 2] over the course of [NUMBER 3] months until the problem has been satisfied. As a sign of good faith and hope for the acceptance and support of this proposal, I have enclosed a check for the amount of $[NUMBER 4] within this letter. It is also only expected that I pay for the whole balance owing on the account should a few of the larger account receivables be successfully collected within the next coming months.

In light of this distressing matter, I am thankful for your time and patience. I am hoping for your consideration and cooperation regarding my proposal. If there are any questions you would like for me to answer or if there’s any information needed from me, I can be directly contacted at [YOUR PHONE NUMBER] or at [YOUR EMAIL ID].

Regards,

[YOUR SIGNATURE]

[YOUR NAME]

  • Word
  • Google Docs
  • PDF
  • Apple Pages
  • Outlook

Already a premium member? Sign in

You may also like