Monthly Partial Payment to Creditor

Sender Information

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Date

{{date}}

Creditor Information

{{creditor_name}}

{{creditor_address}}

Subject: Proposal for Partial Payment - Account Number {{account_number}}

Dear Sir/Madam,

Introduction

This letter serves as a formal proposal for a partial payment arrangement concerning the outstanding balance on account number {{account_number}}, originally due on {{original_due_date}}. We acknowledge our obligation for the debt amounting to {{original_debt_amount}}.

Proposal for Partial Payment

Due to unforeseen {{reason_for_partial_payment}}, we are currently unable to remit the full outstanding balance. We therefore propose to make a partial payment of {{partial_payment_amount}} on or before {{partial_payment_date}}.

We kindly request your understanding and acceptance of this partial payment as a demonstration of our commitment to fulfilling our financial obligations. We would appreciate confirmation of your acceptance of this partial payment arrangement.

Future Payment Arrangements (Optional)

We would like to propose the following arrangement for the remaining balance of {{remaining_balance_amount}}:

Option 1: We will remit the remaining balance in {{number_of_installments}} equal monthly installments of {{installment_amount}} each, starting from {{first_installment_date}}.

Option 2: We request an extension of the due date for the remaining balance until {{new_due_date_for_remaining_balance}}.

Contact Information

Please contact us at {{phone}} or {{email}} to discuss this proposal further or to confirm your acceptance of the partial payment arrangement.

Closing

Thank you for your understanding and cooperation.

Signature

Sincerely,

{{debtor_name}}

{{debtor_title}}