How to write an application for spreading the debt into installments? Debt installment application – what should it include? In what form should I send the application for payment of the debt in installments? Justification for the installment application – how to write?
How to apply for an installment debt in a debt collection company? How to pay the debt in installments with a bailiff – is that possible? In what companies can you divide payday pay into installments? Is it worth paying the debt into installments?
How to write an application for spreading the debt into installments?
When you are unable to meet your financial obligations on time, you can ask for the debt to be split into smaller installments. However, many people are wondering how to create a document on how to pay the debt in installments. Anyone can write such an application, regardless of whether they want to direct it to a loan or debt collection company.
However, it is better to do this before the unpaid loan goes to debt collection. This application should contain several formal elements, but the most important is its proper justification.
It is this which can convince the creditor that it is worth considering an application for payment of the debt in installments. In that case, how to write a request for payment in installments so that it can win the favor of the lender?
Debt installment application – what should it include?
Are you wondering what the application for spreading the debt into installments should look like? The pattern may contain the following elements:
- Your first and last name;
- place and date of the application;
- a heading that tells you what the application is for, for example, an application for spreading the debt into installments;
- information about what you ask for, expressed in polite form;
- the amount of the entire debt and information about how much you have already repaid;
- proposal of a repayment schedule tailored to your real possibilities;
- a justification that explains the reason for submitting the application;
- any additional documents that confirm the current financial situation, such as, for example, bank statements or statement of remuneration.
Thanks to these elements, the application for spreading the debt into installments will look professional, which increases the chance of its positive start.
In what form should I send the application for payment of the debt in installments?
You can file a debt application in three ways. You can deliver the document in person to the company’s headquarters, send it by post or e-mail.
In each of these situations, it is worth ensuring that the application is confirmed. The easiest way to get such confirmation is by sending a letter with a request with acknowledgment of receipt.
Justification for the installment application – how to write?
Is it difficult to write an application for spreading the debt in installments? Justification is the hardest part. It should not be too long. It’s best to create a concise and specific justification that, in simple words, indicates the reason that explains your request.
This reason must be credible. This may be, for example, the occurrence of a disease whose treatment consumes a significant part of funds, a significant reduction in salary, loss of a job, or the need to incur unplanned but necessary expenses.
Such justification of the application for repayment in installments is an example.
Other equal important events should also be considered. It is also worth to attach to the application documents that confirm the difficult financial situation. The main thing is to accurately write the justification for the application in installments. A formula can help you put your request into the right words.