Installment Payment Agreement Letter

[YOUR NAME]

[YOUR COMPANY NAME]

[YOUR COMPANY ADDRESS]

[YOUR COMPANY EMAIL]

August 25, 2050

Wallace Rupert

3837 Crummit Lane,
Newport, RI 02840

Dear Mr. Rupert,

I am writing to propose an installment payment agreement regarding the outstanding amount of $20,000 that I owe to your company. At present, due to unforeseen circumstances, I am suddenly left confronting a challenging financial situation. I understand entirely that I am obligated to repay this debt and am not seeking an escape route.

What I am suggesting instead is a mutually agreeable installment plan through which I can fulfill my responsibilities to your organization. I can make monthly payments of $377.10 for 5 years, commencing from the date September 25, 2050.

I believe this to be a fair and realistic plan, allowing me to fulfill my obligation to your company without causing undue financial hardship. Your understanding and cooperation in this matter would help me get through this challenging phase, and I aim to ensure minimal disruption to your operations.

I kindly request you to consider this proposal and provide your approval so we can formalize this agreement at your earliest convenience. If you have any queries or need further clarifications, please do not hesitate to contact me at [YOUR COMPANY EMAIL]. I am keen to discuss and finalize an agreement soon.

Sincerely,

[YOUR NAME]