RE: This letter is in response to your letter received on 23rd May 2008.Reference account number#:12377896
Dear Mr. Smith,
Based on the records I have and your letter, the balance amount of this debt is $24000. I want to inform you that my current financial status doesn’t allow me to pay in full the balance amount by 27th May 2008. That doesn’t mean I am disputing this debt. I can make payments in installments on this account on every June 1st to your company in the amount of $250.
I have enclosed my first payment along with this letter. I would appreciate a call from you confirming your acceptance. If you aren’t satisfied with the terms then I expect the enclosed payment to be returned to me immediately.