Free Partial Payment to Creditor Letter

Share Form:

This Partial Payment to Creditor Letter informs a creditor that a partial payment will be made on an account. This letter sets out the amount of the regular monthly payment and the amount of partial payment. It also includes the reason for the partial payment and that the remainder will be forthcoming. It is a good practice to let a creditor know the reason why a partial payment is being made. A written Partial Payment to Creditor Letter is beneficial because it shows your intention to keep payments current. This Partial Payment to Creditor Letter contains the following: Parties: Sets out the name of the creditor and his or her account number; Payment Information: Sets out the amount and date of the partial payment, brief description of the reason and debtor's commitment to send the remainder of the payment. Protect your rights by using our attorney-prepared forms. This attorney-prepared packet contains: General Instructions Partial Payment to Creditor Letter State Law Compliance: This form complies with the laws of all states