Payment Plan Proposal Letter

This Payment Plan Proposal Letter is sent to a creditor and offers to pay the balance on an account by payments. This letter acknowledges creditor’s request for full payment, an explanation why full payment cannot be made and a request that a payment plan be extended. A partial payment is also enclosed with this letter. A Payment Plan Proposal Letter will serve as a written record that an individual is agreeing to pay a debt through a payment plan. This letter can easily be tailored to meet your individual situation.

This Payment Plan Proposal Letter contains the following:

• Parties: The name and address of the creditor and the individual requesting a payment plan;
• Payment Plan: Sets out why writer is unable to pay the entire balance and requests a payment plan, payments proposed under the plan and encloses a good faith payment.

This attorney-prepared packet contains:

1. Instructions and Checklist
2. Payment Plan Proposal Letter

State Law Compliance: This form complies with the laws of all states

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• Includes:

  √ Instructions
  √ Free Checklist

• State:

   All
  

  Number of Pages:

   3

• File Types Included:

  
  √ Microsoft Word
  √ Adobe PDF
  √ WordPerfect
  √ Rich Text Format
  

• Compatible with:

  Windows and Mac OS