Debt Collector's Name
Debt Collector's Address
RE: (Account # of Debt Owed, Customer
Name & Type of Debt)
Mr/Mrs. Debt Collector,
Having received your (letter or phone
call) dated (dd-mm-yyyy), I acknowledge that I owe $____
in debt to your company. I am not disputing this debt,
but my current financial situation does not allow me
to pay the monthly payments that you are asking for.
I however can make payments of $____ at the beginning
of every month, starting (dd-mm-yyyy).
I would really appreciate if you reply
to this letter and confirm acceptance of my above payment
terms. I have also enclosed my first payment in paper
check. If i do not receive a reply from you and you
cash in my check, I will assume you accept my above
mentioned payment terms. If you do NOT accept my payment
terms above, please return my enclosed payment check
in the self-addressed stamped envelope.
I am not a chicken to run away from
my debts. This is why I am contacting you with this
letter. Thank you for your understanding.
(Your Printed Name)