Date: [l-Date]
To:
[r-Name]
[r-Address]
From:
[s-Name]
[s-Address]
[Phone]
Dear [r-FName]:
This is to acknowledge receipt of
your letter dated [r-date] regarding my account being overdue in the amount of
$[od-amount]. We have been experiencing
some difficulties in collecting our accounts receivable.
I would like to suggest a fair
payment arrangement in sending you $[o-amount] per month for a period of [m-number]
months in order to satisfy this obligation.
I am enclosing the first check for $[o-amount] as a sign of good faith
and am hoping that this proposal will be acceptable to you. Should we be successful in our attempts to
collect on our larger receivables in the near short term, I will gladly remit
the entire balance owing on this account.
Please contact me regarding this proposal.
Thank you for your patience and
understanding in this regrettable situation.
Best regards,
[s-Name]
