Payment Plan Agreement Template UK

The Payment Plan Agreement Template UK is offered in multiple formats, including PDF, Word, and Google Docs, featuring customizable and printable examples.

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Sample

Payment Plan Agreement Template UK

Editable – Printable

PDF – 1 PDF – 2

Payment Plan Agreement Template UK

1. Debtor Information


2. Creditor Information


3. Agreement Overview

4. Total Amount Due

5. Payment Schedule

6. Payment Method

7. Default Terms

8. Confidentiality Clause

9. Governing Law

10. Signatures and Acknowledgments

11. Declaration and Signatures



PDF

WORD

Examples

Payment Plan Agreement Template UK (1)
Between:
[Name of the Creditor]
[Creditor’s ID]
[Creditor’s Address]
[Creditor’s Phone]
[Creditor’s Email]
And:
[Name of the Debtor]
[Debtor’s ID]
[Debtor’s Address]
[Debtor’s Phone]
[Debtor’s Email]
Introduction:
This agreement outlines the terms under which the Debtor agrees to repay the debt owed to the Creditor, starting on [Start Date].
Clause 1: Amount Owed
The total amount owed by the Debtor to the Creditor is [Total Amount], which is the result of [briefly describe the nature of the debt].
Clause 2: Payment Schedule
The Debtor agrees to make payments of [Payment Amount] due on [Payment Due Date, e.g., the 1st of each month] until the total debt is settled.
Clause 3: Late Payment Fees
Should the Debtor fail to make a payment by the due date, a late fee of [Late Fee Amount] will be applied to the outstanding balance.
Clause 4: Early Payment Options
The Debtor may repay the total amount owed in full at any time without incurring any penalties or additional fees.
Clause 5: Default and Consequences
In case of default defined as failure to make [number] consecutive payments, the Creditor may pursue legal remedies to recover the total outstanding balance.
Clause 6: Governing Law
This agreement shall be governed by the laws of [Jurisdiction, e.g., England and Wales].
Signed in [City], [Date].
Sincerely,
[Signature of the Creditor]
[Name of the Creditor]
[Signature of the Debtor]
[Name of the Debtor]
Payment Plan Agreement Template UK (2)
Between:
[Name of the Creditor]
[Creditor’s ID]
[Creditor’s Address]
[Creditor’s Phone]
[Creditor’s Email]
And:
[Name of the Debtor]
[Debtor’s ID]
[Debtor’s Address]
[Debtor’s Phone]
[Debtor’s Email]
Introduction:
This agreement establishes the repayment terms for the debt owed by the Debtor to the Creditor, effective from [Start Date].
Clause 1: Total Debt Amount
The total amount of the debt is [Total Amount], arising from [describe the situation, e.g., personal loan, goods purchased, etc.].
Clause 2: Payment Amounts and Dates
The Debtor agrees to make monthly payments of [Payment Amount] on the [Payment Date, e.g., 15th of each month], until the debt is fully repaid.
Clause 3: Interest Rate
An interest rate of [Interest Rate]% per annum will be applied to any unpaid balance after [Number of Days] following the payment due date.
Clause 4: Prepayment Rights
The Debtor is entitled to pay off the debt early without any penalties, and should notify the Creditor in advance.
Clause 5: Remedies for Breach
If the Debtor fails to fulfill the payment obligations, the Creditor has the right to initiate legal action to recover the owed amount.
Clause 6: Governing Law
This agreement shall be regulated by the laws of [Jurisdiction, e.g., England and Wales].
Signed in [City], [Date].
Sincerely,
[Signature of the Creditor]
[Name of the Creditor]
[Signature of the Debtor]
[Name of the Debtor]

Printable

PDF – 1 PDF – 2

Payment Plan Agreement Template UK