Feel free to copy and paste the letter below into your word processor or, fill the Amend Debt Payment Letter form and I'll send you a free copy. I send letters within minutes of receiving requests for them.

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Most people receive my letters within minutes of their request however, some email servers can be slow at times, especially during peak hours so it may take just a few minutes or as long as several hours before the document arrives in your E-mail in-box.

Free Sample Letter for Amending Previous Payment Agreements with Creditors

Today's Date

Your Name
Home Address
Phone Number

Attention: {name of collector}
Name of Debt Collection
Agency Address

Account Number: {place account or reference number here}

Dear Mr. /Ms. {Creditor}

This letter is to inform you that my financial situation has worsened since our previous payment agreement. Given my significantly reduced income, I have no choice but to request an amendment to our original payment agreement dated {insert date}.

Based on my current income and the number of other creditors I owe money too I promise to pay
$ _________ each month, ( week, every two weeks etc.) until my account is paid in full.

If my financial situation improves and I am able to increase my payment, I will contact you immediately. Please send written confirmation of your acceptance or rejection of this offer to my address outlined above.

As a show of good faith I have enclosed payment in the amount of the lower payment. I thank you for your understanding in this matter and look forward to your favorable consideration. If you have any questions concerning this matter I can be reached at (insert phone number and area code).

Sincerely

Sign above printed name
Your Printed Name