Letter Proposing Payment in Instalments To Do's

Be legally confident before you sign. A Legal Pro can review your document to make sure it's correct and complete. It's FREE with a Rocket Lawyer membership. 

Need any amendments?

Do you disagree that you owe your creditor money or disagree over how much? Do you have rights to alternative repayment arrangements under a contract?

Your document might need altering to meet your needs. Your Legal Pro can help you work out whether you need amendments when they conduct your review. You can use our bespoke legal drafting service to make amendments.

It's important to do everything necessary to make your document legal and complete. You need to: 

1. Check

2. Sign

3. Send

4. Store  

For more details on each step, use the Letter Proposing Payments in Instalments' Make it Legal Checklist:

If you and your creditor disagree on the debt you owe them or how it should be repaid, legal advice can help resolve your dispute before costs escalate. 

Use our dispute resolution service:

Seeking investment to boost your business' cashflow? Make sure you agree on clear terms.

Use our Term Sheet document and FAQs:

What sorts of funding are available for businesses? Can you get a loan or a grant? How can you protect your business when borrowing?

It's important to be informed! 

Learn the fundamentals of seeking business investments in Section 1 Chapter 2 of our free SME Legal Handbook:

You can also learn more from our free legal guides. Guides relevant to your Letter Proposing Payment in Instalments include: 

1. Calculating interest on commercial debts

2. The Debt Respite Scheme (Breathing Space)

3. Loan agreements and promissory notes