Sample Debt Negotiation Letter 6a Proposed Payment Schedule (See also Letter 6)
Name of Creditor or Debt Collector
City, State, Zip Code
Re: Account of [your name]; Account Number ______________
Dear [Name of Collector]:
This letter is to follow-up our telephone conversation on (date) wherein you agreed to a delayed repayment schedule.
We spoke about my inability to begin making payments on this debt at the present time; however you agreed to delay repayment until (date). I, in turn, agreed to make a payment before the (day) of each month in the amount of $________ until my payments are either caught up or the debt is paid off.
I will begin repaying this debt on (date) as agreed. Thank you for your cooperation.
Complete contact information