Paying A Company You Owe Money To
Every company is different based on your agreement which can be found in your contract if you have one. If you don't have a contract this does not mean you don't need to pay them.
Just because a company may seem like they have more money than you does not mean they can just be forgotten about. They too have people they need to pay such as their staff and suppliers who all also have families to feed. Cutting corners will only help you right now, but being honest and open will help both you and others that need it too.
Once you have done your spreadsheet you will know how much money you have saved from cancelling things you don't need to pay, use this money to pay off what you may owe to others.
Hello (INSERT THE NAME)
I hope this email finds you well and safe right now. I am writing to you about —— insert one of the following options
an account I have with you (INSERT THE ACCOUNT NUMBER)
invoice numbers (INSERT THE NUMBER)
As I'm sure you are aware, we are all under a difficult financial situation right now. I have been looking at what I can afford and what I need to cut. Currently, there is an outstanding balance of (INSERT THE AMOUNT)
I appreciate I need to clear the balance with you but I can't afford to pay it in full at this time. I can afford to pay you (INSERT THE AMOUNT) every (WEEK OR MONTH). If you would like to get a larger amount sooner, I would like to ask what discount you can give me in order to get this cleared. I will see if it’s something I can commit too.
Please know that I am not trying to not pay you, I am just very aware that I need to be mindful of what I am spending right now. I certainly don't want to avoid any payments so I would like to work something out.
I look forward to your reply and if you are struggling with finances too then you may wish to check out this webinar I took part in. It's for personal and business finances and super simple. It really helps.
Thanks for your time and stay face.