0US1 Payment Plan Proposal Letter | FindLegalForms.com 2

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Payment Plan Proposal Letter

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Form reviewed by Bahman Eslamboly, Attorney at FindLegalForms

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.

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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:
  • 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:
  1. Instructions and Checklist
  2. Payment Plan Proposal Letter
State Law Compliance: This form complies with the laws of all states
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
Number of Pages3
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#32671
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.

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