A debt negotiation letter is a good way to start the discussions between you and the creditor and hopefully make financial arrangements you can live with. Then, negotiate payment terms and methods that keep as much cash as possible in your account for as long as possible. This letter is important for many aspects. For most small firms today, offering payment terms to customers is part of the cost of doing business. If you owe a creditor more money than you can afford to pay right now, writing a debt negotiation letter is the first step in attempting to pay down your debt in a way that meets your How to Write a Debt Negotiation Letter. If you tried to come in from day one and negotiate 100% payment upon copy of B/L the supplier probably won’t respond to you unless you’re email address says “@walmart.com.” Prominent/benchmark payment terms for your supplier’s industry, if available Note that naturally some industries require faster payment than others. Sanchez & Company will be billed for the balance at the end of the project (tentatively May 2) and payment … Tagged BMT , Email , Fax , Letter , Terms Negotiation RS / 2008 / F008 / BMT#05 / PARIL_01 Should you end up in court, you can prove that you tried to settle the debt and let the creditor know you were having a difficult time paying. 21 Sample Letters to Negotiate Debt and Get Debt Collectors to Leave You Alone This section contains sample letters you can use to negotiate reduced settlements or alternate payment arrangements with your unsecured creditors and debt collectors, as well as letters to send to collectors to stop debt collection harassment. Terms of Payment $750 will be paid to [FREELANCER NAME] within five days after the signing of this letter of agreement. The key takeaway here is that you will negotiate better payment terms over time as trust builds, volumes grow, and guanxi is obtained. The information provided is presented for general informational purposes only and does not constitute tax, legal or business advice. For example, the DSO for hotels and restaurants is 21 … This makes it imperative that companies account for the lag time between when they outlay cash to buy raw materials and manufacture and deliver goods (or simply provide a service for service-based companies) and when they receive payment …