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Lauren   October 6th, 2021   Uncategorized No Comments

In such a situation, the debtor can also reach a transaction by negotiating the amount to be paid. Make sure the negotiable amount is in line with both parties, while other creditors may not approve the contract letter. In the debt payment contract, make sure that the debtor must have a written copy of all the payment details to be made to avoid any form of controversy in the future. This serves to inform you that I have received a _____ (call or letter) from your company refining that the balance of the debt ______ (mention the debt number) __________ (indicate the amount) is $. I would like to ask you to extend the debt closing deadline because ______ Debt Payment Agreement Letter is a letter in which the debtor writes to the creditor and states the reasons why he cannot repay the debt. The reason could be anything, for example, in the current situation, the debtor could be financially unstable or have to extend the debt repayment period because he does not have enough money to pay in such a short time. Therefore, when writing the letter, be sure to clearly indicate the reason for the non-payment of the debt. The letter should be written in a positive tone that informs the creditor that you currently cannot afford to pay the amount, but you are doing your best to accumulate the necessary amount, and a little more time would help. This serves to inform you that I have received a letter from your company refining that the balance of the debt is #IFS5623 $1000. I would like to ask you to extend the deadline for closing the payment of the debt, because I am not in a position to pay the amount immediately. My current financial situation is not so stable to carry out the debt repayment.

I would be very grateful if you would kindly accept my letter of agreement and send me a confirmation letter as proof of acceptance of this letter. The first payment of the amount ______ $ was attached to this letter. However, if my financial stability increased at a later stage, I would contact you as soon as possible. . . .

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