Create Your Document In Just 3 Easy Steps:
What is a Payment Plan?
While this document is intended to support those who have been unexpectedly laid off or furloughed, you should only enter into this agreement if you believe the other party will make a good faith effort to repay the debt.
When to use a Payment Plan:
- You are a creditor whose debtor can't pay on time.
- You have been asked by your debtor to defer payments.
- You want to set out the terms of the debt repayment.
- You want to offer a discount in exchange for specific services.