Payment Agreement Letter With Promissory Note
Enclosed is a proposed note reflecting your agreement to repay the indebtedness on the above account. If it meets with your approval, please sign where indicated and return it to me on or before . Your first payment will be due . Your checks should be made payable to __________________, and forwarded to my attention at ______________________________. Should any payment be received more than five (5) days late, we reserve the right to proceed with suit for the balance owing plus court costs and reasonable attorney’s fees.
Thank you very much for your cooperation.