If you have debts and cannot make immediate payments, you can write a letter to the creditor proposing your payment plan. In the letter, you can describe your plan of paying off your debts in fixed and regular instalments. The letter can also be used for instalment payments to prevent the creditor from taking further action against you. You should outline all the details of your payment plan proposal thoroughly so that the creditor is confident in your ability to repay all your debts. The letter can be used. You can also take the help of your lawyer and ask…
