Payment plays a very significant part in any business as it keeps all the business activities intact. Imagine that if your business keeps supplying product or services with getting the actual payment. Therefore, payments acquire bread and butter to the table of business.

So when a person cannot make the whole payment instantly letter proposing payments in instalments plays a very important role. This will ensure that the business is earning bread and butter to carry out its day to day business activities

In case if the person is a debtor then he can use it this letter proposing payments as a piece of evidence in the court to the further consequences.

When to use this letter? The letter proposing payment in instalments can be used in the following situation: In a case, if your company owe some money from the other company

When payment cannot be made fully immediately

In case if you want to stop the creditor from taking further action against you