[Date]
[Recipient Name]
[Title]
[Company Name]
[Street Address]
[City, ST ZIP Code]
Dear [Recipient Name] :
We have received your most recent request for payment in full on our account.
Due to the recent [description of problem] and the resulting loss of revenue, we are unable to make full payment this month.
We are enclosing a good faith payment of $[amount] , and we plan to make similar monthly payments until our account is fully paid.
Please contact us if you have questions, or if you want to suggest other arrangements.
We appreciate your understanding and cooperation as we recover from this temporary financial setback.
Sincerely,
Enclosure
cc: [Recipient]