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Installment Agreement to Pay Debt
INSTALLMENT AGREEMENT
TO PAY DEBT
Date:
To:
Dear:
This letter serves to confirm our agreement
of___________, 19__, in which you acknowledge the outstanding
overdue debt of $____________ to our company. We agreed that you
shall make consecutive weekly payments of $___________ until the
debt is satisfied in full. We further agreed that I would
receive the first payment by _______________,19__ and each
successive payment every ___________________ 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,
_______________________
Form 117
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