Debt Reduction Request letter (Free Samples)
Use this sample debt reduction request letter as a template for your formal debt reduction letter.
Last updated on September 19th, 2021
Sample Debt Reduction Request Letter
Consumer’s Name
Consumer’s Address
City, State, Zip Code
DATE
Recipient’s Name
Recipient’s Address
City, State, Zip Code
Dear Name of Recipient,
The purpose of this letter is to formally request a reduction in payments for the medical bills I owe your hospital. I regret that I am unable to pay the bill in full at this time because my monthly income has been greatly reduced after the automobile accident in which I broke both of my legs.
I am requesting a payment plan of $100 per month until the time that I am able to continue working and receiving my usual salary. The rehabilitation may take from six to nine months.
At this time, my income is $$$$ and I have a home mortgage of $$$$ to pay. I will pay by check on the 15th of each month beginning DATE.
If this is agreeable to you, kindly send me a letter stating the repayment details as I have described. I can be reached at 555-123-4567 or a [email protected], and I would be happy to talk to you and give you more details at any time.
Sincerely,
Signature of Consumer
Printed Name of Consumer
List of Enclosures
By Andre Bradley
Related Articles
- Writing an Unable to Pay Debt Letter (with Sample)
- Writing a Student Loan Hardship Letter (with Sample)
- Writing a Medical Debt Settlement Letter (with Sample)
- Writing a Debt Forgiveness Letter (with Sample)