Collection Letter Format to offer Payment Plan for Default Account

Sometimes a customer is not in a position to make the payment and in such a situation, a company can always write them back along with suggesting various payment plans in the payment collection letter. The Sample collection letter template is quite simple and it includes the different plans that the company wishes to suggest to the customer in order to clear the dues.

In this post, we have come up with a collection letter format to offer payment plan for default account. You can use this collection letter sample for creating a personalized letter.

Collection Letter Sample Template for Offering Payment Plan

From:

Daniel Grub

Finance Executive

ABC Bank

New York

Date: April 15, 2022

To,

Mr. Robin Smith

22, Richmond Lane

New York

Dear Mr. Robin,

We appreciate your efforts for getting in touch with us and informing us of your difficult financial situation because of which you will not be able to pay the minimum amount against your credit card currently.

We are happy to help you by assisting you with different options so that we can design a payment plan based on an agreement. In order to do so, we request you to kindly get in touch with us at 9898989898 and we will help you with the best possible alternatives.

Thanking in anticipation.

Regards,

Daniel Grub

Finance Executive

ABC Bank

New York

Other Related Letter Format, Templates and Examples

Sample Payment Release Request Letter
Request Letter for Release of Pending Payments
Formal Letter to Bank Manager for Repayment of Loan
Accounts Receivable Letter Requesting Payment
Sample Letter of Reminder for Late Payment of Loan
Letter of Notice that Payment is Due Immediately
Letter Sending A Statement of Account and Asking for Payment