The Payment Plan Letter Template UK is offered in multiple formats, including PDF, Word, and Google Docs, and features customizable and printable versions.
Payment Plan Letter Template UK Editable – PrintableSample
Payment Plan Letter Template UK 1. Debtor Information 2. Creditor Information 3. Payment Plan Overview 4. Payment Schedule 5. Responsibilities of the Debtor 6. Responsibilities of the Creditor 7. Late Payment Penalties 8. Confidentiality Clauses 9. Modification of Agreement 10. Termination Clauses 11. Declaration and Agreement
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WORD
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[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
[Debtor’s Name]
[Debtor’s Address]
[Debtor’s Phone Number]
[Debtor’s Email Address]
[Date]
Payment Plan Agreement
This letter serves as a proposal for a payment plan regarding the outstanding balance of [Amount Owed] owed to me. To assist you in settling this debt, I am willing to accept a structured payment arrangement.
The payment plan shall consist of the following terms:
– Total Amount Owed: [Amount Owed]
– Initial Payment: [First Payment Amount] due by [Due Date of First Payment]
– Subsequent Payments: [Recurring Payment Amount] due on [Payment Frequency, e.g., Monthly] starting from [Start Date of Payment Plan]
– Final Payment Due By: [Final Due Date].
Payments can be made via [Accepted Payment Methods, e.g., bank transfer, cheque, etc.]. Please reference your account number [Your Account Number] in the payment description.
Failure to make timely payments may result in additional fees or escalation of this matter, including potential legal action. I reserve the right to review and adjust this agreement based on timely payments.
Please sign and return a copy of this letter to confirm your acceptance of the payment plan outlined above. If you have any concerns or wish to discuss alternative arrangements, do not hesitate to get in touch with me before the due date.
If you have questions about this plan or need assistance, please contact me at [Your Phone Number] or [Your Email Address].
[Your Signature]
[Your Printed Name]
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
[Debtor’s Name]
[Debtor’s Address]
[Debtor’s Phone Number]
[Debtor’s Email Address]
[Date]
Payment Plan Agreement
I am writing to propose a structured payment plan to assist you with settling the outstanding balance of [Amount Owed], which is currently overdue. I believe that this agreement will be beneficial for both parties.
– Outstanding Balance: [Amount Owed]
– Down Payment: [Initial Amount] due by [Due Date of Initial Payment]
– Monthly Installments: [Recurring Amount] due on [Recurring Payment Date], commencing on [Start Date].
– Final Installment Due By: [Final Payment Due Date].
Payments should be made via [Specified Payment Method], including adequate references to ensure proper allocation of funds.
If any payment is not received by the due date, the full remaining balance will become due immediately, and additional charges may apply.
By accepting this payment plan, you acknowledge the remaining balance owed and agree to adhere to the plan outlined above.
Should you encounter difficulties in making payments, please contact me immediately to discuss possible solutions. I am willing to negotiate terms that work for both parties.
[Your Signature]
[Your Printed Name]
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