Free Monthly Partial Payment to Creditor Template

Send a formal and well-formatted letter to your creditor that details the partial payment you or your company will make for the month as well as the amount details. To help you with that, download this Monthly Partial Payment to Creditor template you can use instantly on this site. This file is ready-made and well-researched to better help you draft a letter that would satisfy your recipient. All content in the file are fully customizable for the user’s added convenience. What are you waiting for? Download this practical, professional, and premium template today!

Monthly Partial Payment to Creditor Template

[DATE] 

Dear [RECIPIENT NAME],

I have enclosed along with this letter a check amounting to USD[NUMBER]. This, along with other payments you will soon be receiving from our company on a monthly basis, shall represent the minimum amount as agreed in our previous negotiation. The total of 12 monthly payments we will be sending you shall be used for decreasing the current balance owing to the amount of zero. 

If we are able to set up a payment plan consisting of more frequent payments or increased monthly minimum amounts, rest assured that we will notify you. We are confident that the acquisition of some very large receivables, which you will also be notified of immediately, will enable us to carry out the proposed payment plan improvements very soon.

We appreciate your time and consideration. Should you have any inquiries for us to address, please feel free to contact us at [PHONE NUMBER] or email us at [EMAIL ID].

Regards,

[YOUR SIGNATURE] 

[YOUR NAME]