[Sample] Payment Reduction Request Letter

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Learn how to write a letter requesting a payment reduction. Make your request letter using our sample payment lowering request letter as a template.

Sample Payment Reduction Request Letter

Your Name
Your Address
City, State, Zip Code
Account Number of Borrower if Applicable


Name of Creditor
Name of Lending Institution if Applicable
Address of Lender
City, State, Zip Code

RE: Debt Reduction Request

Dear Name of Creditor:

This letter is to formally request a reduction in payments on my debt for the next six months. I request to pay AMOUNT starting on DATE and beginning the normal payments on DATE. I have every intention of paying my debt, but am not able to make the usual payments at this time. 

I lost my teaching job because of financial cut-backs in my school district. I am well-qualified for teaching biology and hope to have another job within six months. I am looking in two other school districts near where I live.

Because I have every intention of paying my debt, I would like to request that you not give it to a collection agency. I need to maintain my credit rating. 

I hope to receive a favorable reply in writing within the next two weeks. If you have any questions or would like any more information about my situation, I can be reached at Phone Number or at Email Address.

Thank you for your kind consideration in my time of difficulty.


Your Signature
Your Printed Name

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