Loan Settlement Letter
Loan Settlement Letter
September 3, 2050
Thomas D. Dement
147 Wood Duck Drive
Marquette, MI 49855
Dear Mr. Dement,
I am writing to address the outstanding loan that I hold with your institution, First National Bank of Marquette. This letter aims to provide a clear overview of the loan status and propose a method for settling this obligation.
Here are the details of the loan:
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Loan Account Number: 8745-3920-1657
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Loan Type: Personal Loan
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Loan Amount: $15,000
I am eager to resolve this loan and would like to propose either a full repayment or a structured payment plan to settle the remaining balance. Given the current circumstances, I believe that settling the loan in this manner will be beneficial for both parties and will help alleviate the financial strain I have been experiencing.
Despite my intent to fulfill my financial commitments fully, unforeseen circumstances have necessitated this request. I hope you can understand my situation and agree to the proposed settlement terms.
Please initiate the necessary process for loan settlement upon receiving this letter. I am ready to discuss the details further and reach a resolution promptly.
Should there be any questions or concerns regarding my proposal, I can be reached via email at [Your Email].
Thank you for your understanding and cooperation.
Yours sincerely,
[Your Name]
[Your Number]
[Your Email]
