Common Contracts
1 similar null contracts
Payment agreement sample pdfJuly 21st, 2023
Join the Community Sara Schmidt Last Modified Date: July 09, 2023 When a debt balance due exceeds the amount of money a person can afford to pay, he or she can often set up a payment agreement with a business or attorney. This agreement usually differs on a case by case basis, and allows people to pay smaller amounts on a regular basis until the full amount due is paid. Installment fees, interest, and other additional monies may be added to the payment agreement. Also known as an installment agreement, a payment agreement usually begins when one party contacts the other. Usually this involves a business or debt collector calling or sending mail to the person owing the debt. If multiple attempts to collect the debt have been executed without any success, a law firm representing the business may take over the debt and attempt to collect the payment. If the person owing the debt makes the case that he or she cannot afford to pay promptly, negotiations for this kind of agreement may commen
