I am writing to express my interest in paying and settling my debt in full. I have been through a very rough patch of my life financially. That is the reason I could not return your calls or write back to you despite your continuous reminders of late payments. I was out of town for a business deal and spent all my savings on the investment. Unfortunately, I bore a huge loss in that business as the office caught fire, and eventually, I ran out of money.
The insurance company is compensating me for my loss. I intend to pay the amount I owe you in form of debt. As per my calculations, the total amount I owe you including the interest is $[x]. I want to pay you on the following terms.
Please read the clauses carefully and let me know if you are willing to sign this new agreement. In case you have a query or question, please do not hesitate to give me a call on my number [x] or write an email to my new business account [x].
We can also meet and discuss things in presence of a legal advisor. In fact, I have arranged a visit for coming Monday. Do let me know if you can come. In case you agree to sign the new agreement, kindly sign this letter and acknowledge it.
Also, return a copy to me at [x] address. I look forward to your sheer cooperation and understanding. Thanking you in advance.
Regards,
File: Word (.docx) Size: 12 KB
I hope you are doing great. As per our last telephonic conversation, I am writing to show my willingness to pay my debt in full. I feel highly apologetic that I have not been to pay the installments for the last few months. I am facing a huge monetary crisis after my severe accident.
My leg got fractured and I was not able to move. You know I live alone in this town. There was no one to take care of me. My phone also got broken and I was not able to get it repaired. Hence I could not repay your visits or return your calls.
I have been discharged from the hospital for the last week. I am recovering and regaining my health. Also, now I am able to walk with a stick. I request you to please visit me on coming Thursday so we may discuss the terms of repayments. I have already called my legal representative he will join us for further guidance in this matter.
The amount due until now including the interest is $ [x] and I want to pay the amount in full. Kindly let me know if you are willing to sign the new agreement. In case you have a query, please do not hesitate to give me a call on my number [x]. Awaiting your positive response. Thanking you in advance.
Regards,
File: Word (.docx) Size: 12 KB
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