Introduction to this document

Letter proposing payment by instalment

You’re suffering a cash-flow problem and own money to a third party. You’re reasonable confident that you can pay this off bit by bit over a period of time.


If you find yourself in this position consider writing to the creditor to explain your financial situation and offer a regular payment plan.

To assist the creditor to consider your proposal carefully, set out in as much detail as possible the reason why you find yourself in a jam and how much you can afford to pay.