Installment Payment Agreement Template

This installment payment agreement template has 1 pages and is a MS Word file type listed under our credit & collection documents.

Sample of our installment payment agreement template:

June 18, 2022 Contact Name Address Address2 City, State/Province Zip/Postal Code OBJECT: Installment Payment Arrangement Dear [Contact name], This is to confirm the arrangement under which we will accept payment of your outstanding balance of [Amount] in installments. You must sign and return the enclosed copy of this letter indicating admission of the full amount of the account and acceptance of the terms of our agreement. We will, then, accept payment of the account, together with interest at the rate of [%] per month, in consecutive, monthly installments of [Amount], commencing [Date] and continuing on the [Day] of each successive month until paid off in full. Each payment will be applied first to accrued interest and, second, to principal.