Payment Plan Letter

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Payment Plan Proposal Letter Template Examples | Letter ...
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Therefore, the creditor agrees to make a deal that is affordable under the debtor's financial situation. If you're going to lend someone money, it's a good idea to write a payment agreement to cover yourself legally in case they don't pay you back. This letter acknowledges creditor's request for full payment, an explanation why full payment cannot be made and a request that creditor extend a payment plan.

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Thank you for your letter explaining your company's financial difficulties.

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According to the legal agreement, I will make [No. of payments] payments for the amount of [$ ??], until the account is [brought current/paid in full]. The last people you want with debts in your name are debt collectors that call you every day, so it's best that you send out a. Write an agreement letter for payment if you plan to create an amortization table.

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