I have appreciated doing business with you for the last (number) years. I've recently come upon some hard times and am experiencing difficulty in meeting my obligations. As a result, I will not be able to meet my minimum payment due this month.
Enclosed is a check... Dear (recipient's name),
I have appreciated doing business with you for the last (number) years. I've recently come upon some hard times and am experiencing difficulty in meeting my obligations. As a result, I will not be able to meet my minimum payment due this month.
Enclosed is a check for $(amount). I realize this only represents half the amount I owe, but I will send the entire amount by (date). I expect this financial hardship to be temporary and by (date) I will be able to maintain my current payment schedule.
Thank you for your understanding as I work through the matter.
Sincerely,
(your name)