Payment Plan Proposal Letter
for Your State
This Payment Plan Proposal Letter will assist an individual in setting up a payment plan with a creditor. This letter sets out the reasons why the debt cannot be paid in full, the payments to be made under this plan and encloses a good faith payment. It is important that any payment plan proposal be set out in writing.
This Payment Plan Proposal Letter is sent by an individual to a creditor and offers to pay the balance on an account via payments. 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. As a gesture of good faith, a partial payment is enclosed with this letter. A Payment Plan Proposal Letter is important as it will serve as a written record that the individual will agree to pay off the balance and is requesting a payment plan proposal. This letter can also be tailored to meet your individual situation.
This Payment Plan Proposal Letter contains the following:
This attorney-prepared packet contains:
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, the payments proposed under this plan and encloses a good faith payment.
This attorney-prepared packet contains:
- Instructions and Checklist
- Payment Plan Proposal Letter
Number of Pages3
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#32671