There are those times when a debtor cannot immediately pay for his debt. The tendency of this debtor is to create a letter that describes his financial situation and that asks his creditor to still give him the chance and the time to accumulate his finances in order to pay for his debt. Individuals and companies alike do write these letters.

They promise that they are surely going to pay their debt, though delayed and not on their initially agreed date and terms. You just might be given the favor if you send an effective letter containing your promise of delayed payment to a creditor.

Just state a valid reason and be able to give a specified time when you can already pay your debt from them.

SAMPLE LETTER

Mark McGregor
891 South Harpeth, Nashville
Tennessee 37125, USA
(e-mail address)
333-4545

June 11, 2010

PERSONAL

Mr. Alexander Hobbs
C&B Finance Company, Inc.
123 North Stamford, Fairfield County,
Connecticut 09602, USA

Dear Mr. Hobbs:

This letter would like to notify your good company of a delayed payment of my personal debt. I would also like to request your company to give me a grace period of two to three weeks before the payment. This could certainly help me pay you the full amount, which includes the interest and principal. I would also like to assure you that you are going to receive the full payment within this additional time.

As additional assurance, I, Mark McGregor, am promising to pay C&B Finance Company, Inc. in full after two to three weeks. The delay is caused by a hospital emergency involving my wife. I need to pay for a certain amount of hospital bills though she is already secured with an insurance. This is temporary, and after two to three weeks, I have already accumulated the money I need to be able to pay my debt from your company. This is simply a delay in payment, I promise to pay you in full after I am able to recover my finances.

Thank you for your consideration and I am sorry for the inconvenience that I might be causing your company. I hope I am still worthy of the trust of your company.

Sincerely,

Mark McGregor