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Sample Letters for Payment Reduction Requests

The document provides two sample letters for federal employees furloughed due to lack of funding to request a temporary reduction in monthly payments to creditors and mortgage companies. The letters confirm a previous conversation, note the reduction in income, agree to make reduced regular payments, and promise to pay the remainder when returning to work.

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257 views2 pages

Sample Letters for Payment Reduction Requests

The document provides two sample letters for federal employees furloughed due to lack of funding to request a temporary reduction in monthly payments to creditors and mortgage companies. The letters confirm a previous conversation, note the reduction in income, agree to make reduced regular payments, and promise to pay the remainder when returning to work.

Uploaded by

jafranklin-1
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Sample Letter to Creditor

Dear (Name of Company or individual with whom you have spoken)

This is to confirm our conversation of (date) in which we discussed a temporary reduction in


my monthly payment.

As we discussed, I am a Federal employee who has recently been furloughed due to a lack of
funding of my agency. Because of this, my income has been severely cut and I am unable to pay
the entire cost of my monthly payments, along with my other expenses.

As we had agreed in our conversation, I will be able to make regular payments in the amount of
$_______. I realize that I will be responsible to pay the remainder of the payments and, when I
return to work, I will contact you immediately to work out a plan to take care of the reduced
payments. I will also keep in touch with you to keep you informed about my income status.

I appreciate your willingness to work with me and your understanding during this difficult time.

Sincerely,

(Name)

Account Number

Address

Telephone Number
Sample Letter to Mortgage Company

Dear (Name of Company or individual with whom you have spoken)

This is to confirm our conversation of (date) in which we discussed a temporary reduction in


my mortgage payment.

As we discussed, I am a Federal employee who has recently been furloughed due to a lack of
funding of my agency. Because of this, my income has been severely cut and I am unable to
pay the entire cost of my mortgage, along with my other expenses.

As we had agreed in our conversation, I will be able to make regular payments in the amount of
$_______. I realize that I will be responsible to pay the remainder of the payments and, when I
return to work, I will contact you immediately to work out a plan to take care of the reduced
payments. I will also keep in touch with you to keep you informed about my income status.

I appreciate your willingness to work with me and your understanding during this difficult time.

Sincerely,

(Name)

Account Number

Address

Telephone Number

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