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,

Dear ,

Re:

This is a request for a temporary change in the repayment terms in the account referenced above.

As I am undergoing some financial crises at present, I may not be able to continue the current payment plan. On reviewing my financial condition and my monthly budget, I found it absolutely necessary to request an alternative payment plan from each of my creditors until my financial state improves.

I do not plan to file for bankruptcy nor default on this debt. So, I would appreciate if you co-operate in making this payment plan effective.

I request that you accept a monthly payment of $ instead of the regular payment of $ that I have been making every month.

I will begin making regular monthly payments as soon as I recover from this financial crisis.

I hope you will understand my situation and consider my request. I will definitely inform you of any change in my financial situation.

I am looking forward to your kind co-operation.

Sincerely,

Your Signature_______________________

Your Name__________________________