uuid : a675bed8-c206-483f-ba9a-36c15629669d templates_id: 108080 templates_uuid: "89e358e1-24be-427b-8719-0072ad140485" title: "Letter Accepting Payment in Instalments - Instalment Agreement" display_name: "Letter accepting payments in instalments" meta_keywords: "Payment plan agreement letter" description: "

If you have received an offer by a debtor to pay off their debt by a regular fixed amount use this letter accepting payment in instalments to create a formal legal agreement for the repayment of this debt. This instalment payment agreement will help avoid any potential conflict by setting out clear rules for the repayment of the debt with the debtor. This letter accepting payment in instalments will outline the fixed amount as well as the time in which it is to be repaid.

When to use

Use this letter accepting payment in instalments

\r\n\r\n\r\n\r\n

What it covers

This letter accepting payments in instalments

\r\n\r\n\r\n

Further advice

\r\n

Ask a lawyer for:

\r\n\r\n\r\n

This letter accepting payment in instalments is governed by the law of England and Wales.

" created_timestamp: "2016-10-07 08:57:20.0" modified_timestamp: "2016-10-07 08:57:20.0" active: true created_by: 102 modified_by: 102 dcm_id: 267 url_slug: "Letter-accepting-payments-in-instalments" meta_description: "Prepare a letter accepting payment in instalments with step-by-step guidance from Rocket Lawyer. Avoid any potential conflict by setting our clear rules for the repayment of the debt with the debtor. Try this instalment payment agreement for free. " time_to_complete: "15 minutes" role1: "Creditor" role2: "Debtor"

Create your free Letter accepting payments in instalments

How it works

  • Create your document
  • Download
    & Print
  • Sign &
    Make it Legal
Letter Accepting Payment in Instalments - Instalment Agreement

Overview of the Letter accepting payments in instalments

If you have received an offer by a debtor to pay off their debt by a regular fixed amount use this letter accepting payment in instalments to create a formal legal agreement for the repayment of this debt. This instalment payment agreement will help avoid any potential conflict by setting out clear rules for the repayment of the debt with the debtor. This letter accepting payment in instalments will outline the fixed amount as well as the time in which it is to be repaid.

When to use

Use this letter accepting payment in instalments

  • when you have received an offer to pay off a debt by a regular fixed amount

What it covers

This letter accepting payments in instalments

  • enables a debtor's offer to pay off a debt by a regular fixed amount, to be accepted
  • fixes the repayment of the debt over time
  • when signed by both the creditor and the debtor is a formal legal agreement

Further advice

Ask a lawyer for:

  • information about debt recovery
  • your legal rights under a contract
  • a debtor that does not agree to owing the debt
  • immediate recovery of the entire debt
  • a payment period that is too long or debts that are too small

This letter accepting payment in instalments is governed by the law of England and Wales.

Sample Letter accepting payments in instalments

More than just a Letter accepting payments in instalments template, our step-by-step interview and guidance makes it easy to create your document.

Easily create online, download, print and sign your free Letter accepting payments in instalments in minutes.

This document is also sometimes called: Payment plan agreement letter.