Request for Time to Settle Account

Request for Time to Settle Account

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This a letter of request for time to settle an account or a repayment or a loan which has fallen into arrears. This letter is prepared by a debtor of an undisputed account in response to a demand (by letter or telephone) for settlement of account with real or anticipated threat for legal action.

There should be a clear intention to settle the outstanding account.

Fill in the letter to be signed by the debtor or his/its authorised signatory.

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