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Letter agreeing payment by instalments

 

Address 1
Address 2
Address 3
Address 4

[Date]

Dear

Reference/ Account Number:

Thank you for your letter of [date] together with your cheque for £300.00 in part payment of the debt of [amount]. As agreed by telephone today, your proposal to pay the account

by weekly instalments is acceptable only if you send 10 post dated cheques as shown below to reach us by [date].

28.02.- - £300.00 (received)

06.03. - - £300.00

13.03.- - £300.00

20.03.- - £300.00

27.03.- - £300.00

03.04.- - £300.00

10.04.- - £300.00

17.04.- - £300.00

24.04.- - £300.00

01.05.- - £300.00

08.05.- - £319.89

Total  - - £3,319.89

If any cheque is dishonoured on first presentation for payment then the whole debt will immediately fall due for payment.

Once this debt is paid in full we will recommence supplies. I am glad we have been able to settle this amicably.

Yours sincerely

 

Credit services Manager

Amount overdue : £3,319.89

Interest : £

Payment terms : X days from date of invoice

Credit limit : £

Account : 123456

 
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