Acceptance of forthcoming payment schedule [Date] [Name] [Address] Dear [Name] Thank you for your letter of [date]. You have an outstanding balance of [amount] on your account [number]. We agree you may clear this balance by [number] payments of [amount] beginning on [date]. Please note that we will refer this matter to our legal representatives if this schedule of payments is not adhered to. Yours Sincerely [Your Name] [Your Title]