Payment Plan Proposal Letter

[YOUR NAME]
[YOUR COMPANY NAME]

[YOUR COMPANY ADDRESS]

[YOUR COMPANY EMAIL]

January 29, 2050

Gary Todd
1057 Apple Lane,
Galesburg, IL 61401

Dear Mr. Todd,

I am contacting you regarding an outstanding payment that we have on our records related to Samsung. I understand that circumstances may make it difficult to meet the payment in full at this time, and hence I am proposing a payment plan to help ease this process.

The proposed plan breaks down the total amount owed, $1,000, into easily manageable installments over 5 months. We hope that this arrangement will facilitate the timely fulfillment of this debt without putting undue financial stress on you.

Please be informed that this is a proposal and we're open to dialogue regarding your comfort and ability to meet the terms as proposed or if you would like to suggest an alternative arrangement that would be suitable to your financial situation.

We truly value your continued business and it is our goal to work with you to settle this matter amicably while ensuring the financial viability of both parties. Thank you for your prompt attention to this issue.

Yours sincerely,

[YOUR NAME]