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Monthly Payment Plan Letter
If you suddenly lose your job and are not able to make your monthly debt payments you can use this Monthly Payment Plan Letter template to approach those you owe money to in an attempt to work out a monthly payment plan with the goal of paying off all your debt and protect your credit history.

Free Sample Template
Format: Word PDF
# of Pages: 1
Printable: Yes

Monthly Payment Plan Letter TemplateForm 1330
Format: Word PDF
Category: Home Life, Finance
Type: Form
Monthly Payment Plan Letter

[Your Name]
[City, State, Zip]

[Date of letter]

[Recipientís Name]
[Company Name]
[City, State, Zip]

Dear [Recipientís name],

This letter is to inform you that I am currently having unexpected financial difficulty due to recently losing my job. I am not going to be able to make my account payments on time. I would like to make a debt repayment plan with you. I have evaluated my entire financial situation and prepared a realistic budget to satisfy my essential living expenses. I am requesting that each of my creditors accept reduced payments. I hope to increase these payments as soon as possible. I am committed to paying my entire debt in full.

Please contact me at your earliest convenience to discuss this matter in detail at the above phone number.

Best regards,

[Your Signature]