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Make your Free Payment Plan

Creating a Payment Plan can help both parties avoid conflict by outlining clear rules for the repayment of deferred debt. This agreement will detail when the deferral period starts, the duration of the deferral period, the installment amount, and when installments are to be paid. The agreement also allows you to offer a...Read more

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Payment Plan

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Learn more about Payment Plan

Creating a Payment Plan can help both parties avoid conflict by outlining clear rules for the repayment of deferred debt. This agreement will detail when the deferral period starts, the duration of the deferral period, the installment amount, and when installments are to be paid. The agreement also allows you to offer a discount on deferred debt in exchange for the performance of specialized services or repairs.

While this document is intended to support those who have been unexpectedly laid off or furloughed due to COVID-19, you should only enter into this agreement if you believe the other party will make a good faith effort to repay the debt.

Other names for this document: General Repayment Plan, Deferral Agreement, Temporary Reduced Payment Agreement, Deferred Payment Plan

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