Re: Invoice #____________________
I have received your recent invoice for my unsecured loan payment of _____, and am willing to pay this debt in full. I will contact you in one month to let you know what I can afford to pay.
I want to let you know that I am working with a Twelve Step program for debtors that is helping me decide a new monthly spending plan.
I need to take a one-month moratorium on all my debt repayments, including this one, to discern what I can realistically promise to repay periodically.
During this one-month period I will keep detailed records of all of my expenses and income, so that I can review these numbers with my Twelve Step group to decide what I can afford to pay.
I want to emphasize that I am taking this one-month moratorium with all of my creditors, not just with this account.
I will contact you by ___/___/20___, after my meeting with my group, to discuss what I can afford to pay on a monthly basis until this debt is paid off.
Thank you in advance for your patience with this matter. I look forward to speaking with you in one month.