Once a payment plan is agreed upon, a number of obligations on the debtor including additional administrative charges may be imposed.īelow you'll find a couple of sample letters to request a written installment payment agreement on a past due or delinquent account. In most cases, you must first provide evidence of financial inability to pay the debt in one payment in order to request an installment payment agreement.
A Payment Plan Letter is generally used to start the process of making regular weekly or monthly contributions towards a debt until the debtor's obligation is partially or completely discharged.
