Debt Negotiation Letter Format
[Date]
[Creditor's Name]
[Creditor's Address]
[City, State, Zip Code]
Dear [Creditor's Name],
Subject: Debt Negotiation Proposal
I hope this letter finds you well. I am writing to discuss the outstanding balance on my account [Account Number] with your company. Due to unforeseen circumstances, I am currently facing financial difficulties that prevent me from maintaining the existing payment schedule.
To resolve this situation, I would like to propose a debt negotiation plan. I am committed to settling this debt and am seeking your assistance in making this possible.
Proposed Settlement Terms:
Total Amount Owed: [Amount]
Proposed Settlement Amount: [Proposed Amount]
Payment Plan: I can pay [Proposed Amount] in a lump sum by [Proposed Date]
I understand the importance of fulfilling my financial obligations, and I am eager to find a mutually beneficial solution. I believe that the proposed settlement will allow me to clear my debt while considering my current financial situation.
Please let me know if you are open to discussing this proposal further. I am hopeful that we can come to an agreement that will work for both parties.
Thank you for your consideration. I look forward to your response.
Sincerely,
[Your Name]
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