[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-281538-105":53,"doc-detail-281538-en":126},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":119,"head_meta":121,"extra_data":123,"updated_unix":125},105,"en","modified-payment-plan-letter-to-lender-sample-letter-1","Modified Payment Plan Letter to Lender - Sample Letter #1","","A modified payment plan letter to a car loan lender that confirms a borrower’s request after a phone conversation. The letter explains financial hardship, proposes a six-month schedule with suspended/forgiven payments in January–March 2013, and reduced 1/4 payments in April–June 2013. It requests adding the unpaid balance to the back end of the loan, extending the term through January 2015, with 4% interest accruing monthly, and asks for a written signed addendum to the original contract.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":41,"@type":70,"position":76},"https://docshare.wps.com/template/letters/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/modified-payment-plan-letter-to-lender-sample-letter-1/281538/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/modified-payment-plan-letter-to-lender-sample-letter-1/281538.png","ImageObject",442,249,{"name":88,"@type":89},"Pentious","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-22","2026-09-16",true,{"@type":98,"interactionType":99,"userInteractionCount":30},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What is the purpose of this modified payment plan letter to the lender?","Question",{"text":108,"@type":109},"It confirms the details of a proposed car loan modification following a phone conversation and requests a written addendum to the original finance contract.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"How does the payment schedule change during the modification period?",{"text":113,"@type":109},"January–March 2013 payments are suspended with no money due on the 15th and no late fees. April–June 2013 require 1/4 payments of $100.00 due on the 15th with no late fees.",{"name":115,"@type":106,"acceptedAnswer":116},"What does the letter request regarding the unpaid balance and loan extension?",{"text":117,"@type":109},"It requests adding the unpaid balance from January–June ($2,100) to the back end of the loan, extending the loan from July 2013 to January 2015, with 4% interest accruing monthly.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},281538,1790186567,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":40,"category_name":41,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":30,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":9,"language":135,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":61,"update_tm":139,"read_time":4},1374404730887,"https://ap-avatar.wpscdn.com/davatar_6f874abed73319feea01a86fa6f0fab8","Sample Letter \\#1: Modified Payment Plan Letter to Lender  \n\n| First Name, Middle Name, Last Name |  |\n| --- | --- |\n| Complete Address City State Zip Phone • Email\u003Cbr>Date\u003Cbr>ABC Auto Lender\u003Cbr>123 Main Street Anytown, USA, Zip Attn: Mr. Joe Smith | RE: Your Full Name\u003Cbr>Address, City, State, Zip Car Loan \\#: 000-000-000 |\n| Dear Mr. Smith:\u003Cbr>To follow-up our phone conversation on Day of Week, Date, at Time of Day, I write to confirm details pertaining to my car loan \\#: 000-000-000.\u003Cbr>Due to my current financial situation and (i.e. loss of employment), I am unable to maintain my monthly car payment of ($400.00) for the next (six months). In (July 2013), I expect to have secured employment which will enable me to resume payments on the car.\u003Cbr>(Name of lender) has agreed to suspend and freeze my full car payment and offered me the following terms:\u003Cbr>January, February, and March 2013: No money will be due on the 15th of the month.\u003Cbr>No late fee will be charged.\u003Cbr>April, May, and June 2013: 1/4 payment, $100.00. will be due on the 15th of the month. No late fee will be charged.\u003Cbr>Beginning of July 2013, I will resume payments at $400.00/mo. on the 15th of the month.\u003Cbr>The total unpaid balance of car payments from January-June 2013= $2100.\u003Cbr>($400 x3 months = $2100.00.\u003Cbr>(Name of lender) has agreed to add $2100 to the back end of my loan. This will extend my loan from July 2013 to January 2015. Interest in the amount of 4% will accrue monthly on $2100, between July 2013, and January 2015. If I payoff the total balance owed in advance of January 2015, interest will be caculated through the payoff date. Based on th terms of this plan, I will not be in default (nor default status) .\u003Cbr>Please prepare a written addendum to my original finance contract 00/00/00, which reflects the modification. I would expect to receive a signed addendum from your office no later than 00/00/00 .\u003Cbr>Thank you for working with me.\u003Cbr>Sincerely,\u003Cbr>Joe Consumer Address, City, State, Zip Phone |  |\n\nMaintain a file: Keep a copy of all correspondence to and from the lender for your files. Send your letter by  \nCertified Mail, Return Receipt for confirmation that your letter was received.","cbCaiqHG10zxwmdO","https://ap.wps.com/l/cbCaiqHG10zxwmdO","pdf",66597,"English","# Letter Template\n## Borrower and Lender Information\n## Payment Plan Terms\n## Addendum Request and Closing","[{\"question\":\"What is the purpose of this modified payment plan letter to the lender?\",\"answer\":\"It confirms the details of a proposed car loan modification following a phone conversation and requests a written addendum to the original finance contract.\"},{\"question\":\"How does the payment schedule change during the modification period?\",\"answer\":\"January–March 2013 payments are suspended with no money due on the 15th and no late fees. April–June 2013 require 1/4 payments of $100.00 due on the 15th with no late fees.\"},{\"question\":\"What does the letter request regarding the unpaid balance and loan extension?\",\"answer\":\"It requests adding the unpaid balance from January–June ($2,100) to the back end of the loan, extending the loan from July 2013 to January 2015, with 4% interest accruing monthly.\"}]","Modified Payment Plan Letter to Lender - Sample Letter #1 | PDF",1789566661]