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If you cannot make immediate payment of a whole debt, make sure to detail your offer to pay off the debt by regular fixed instalments with this letter proposing payment in instalments. You can also use this application for instalment payment to try and stop creditors from taking further action against you. Thoroughly outline the details of your proposal to pay in instalments so that creditors are confident in your ability to repay your debt.

When to use this letter

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Use this letter proposing payments in instalments:

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What it covers

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This letter proposing payment in instalments covers:

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Further advice

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Ask a lawyer for:

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

" created_timestamp: "2016-10-07 08:56:45.0" modified_timestamp: "2016-10-07 08:56:45.0" active: true created_by: 102 modified_by: 102 dcm_id: 266 url_slug: "Letter-proposing-payments-in-instalments" meta_description: "Prepare a letter proposing payment in instalments with simple guidance from Rocket Lawyer. Set out clear rules with the creditor for repaying a debt by regular fixed instalments. Try this application for instalment payments for free. " time_to_complete: "15 minutes" role1: "Debtor " role2: "Creditor"

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Letter Proposing for Payment in Instalments - Payment Plan Template Letter

Overview of the Letter proposing payments in instalments

If you cannot make immediate payment of a whole debt, make sure to detail your offer to pay off the debt by regular fixed instalments with this letter proposing payment in instalments. You can also use this application for instalment payment to try and stop creditors from taking further action against you. Thoroughly outline the details of your proposal to pay in instalments so that creditors are confident in your ability to repay your debt.

When to use this letter

Use this letter proposing payments in instalments:

  • when you or your organisation are sure that you owe someone, some money
  • when payment of the whole debt cannot immediately be made
  • when you want to stop the creditor from taking further action against you

What it covers

This letter proposing payment in instalments covers:

  • the offer to pay off a debt by regular fixed instalments

Further advice

Ask a lawyer for:

  • a debt claimed against you where the amount is incorrect
  • disputes about whether you owe the debt
  • advice on defending debt proceedings
  • advice on your legal rights under a contract.

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

Sample Letter proposing payments in instalments

More than just a Letter proposing 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 proposing payments in instalments in minutes.

This document is also sometimes called: Payment plan template and Repayment proposal .