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Installment Agreement To Pay Debt
INSTALLMENT AGREEMENT TO PAY DEBT
Date: [Date of letter]
To: [First name of debtor] [Last name of debtor]
[Company of debtor]
[Address of debtor]
[City of debtor], [State of debtor]
[Zip Code of debtor]
Dear [Mr./Mrs.] [Last name of debtor]:
This letter serves to confirm our agreement of [date of agreement], in which you acknowledge the outstanding overdue debt of $ [amount owed] to our company. We agreed that you shall make consecutive weekly payments of $ [amount of each payment] until the debt is satisfied in full. We further agreed that I would receive the first payment by [date of first payment] and each successive payment every [day of the week] thereafter. I sincerely appreciate your cooperation in resolving this matter. Finally, would you acknowledge our agreement by signing the enclosed copy of this letter and returning it to me in the enclosed, self-addressed envelope.
Very truly yours,
Signature Date