Subject Letter of Agreement.

Sample of an agreement letter for payment. This letter is basically a contract created by two parties the borrower and the lender wherein they list down mutual promises. Jon Smith with a mailing address of 900 Wilshire Blvd Santa Monica CA 90401. Letter of agreement for payment means when one is working in any company or hiring a business he should be aware of payment agreement letter between two parties signed between two contractors regarding payment.

Try It For Free. Be a smart person keeps yourself away from money related frauds or misunderstandings. This letter is not limited to only.

Dear Name I have received an email from your company regarding the remaining debts of 1000 which are due for payment on mention date. PAYMENT AGREEMENT SAMPLE I. Jason Freeman with a mailing address of 500 S Main Street Los Angeles CA 90013 Creditor and Debtor.

This is a Sample Payment Agreement Letter in which both the parties participate and sign any contract of the transaction which can be even used as evidence when one. Typically this process is used when the loan amount is large or the loan must be taken by a financial institution. I Payee Name Payee borrowed 1000 from Promisor Name Promisor on Loan Date.

Therefore the creditor agrees to make a deal that is affordable under the debtors financial situation. Write this type of letter when you are agreeing to a payment either for a single payment or for a series of payments. I FULL NAME will repay the loan with a personal check in a series of 100 payments.

Include relevant details in your letter such as the full amount that you owe when you will make the payments how you will pay cash credit card etc interest amountpercentage and any other. These also serve as documentation of the details that both parties mutually agree on. We both agreed that the money would be repaid in a series of scheduled payments.