Payment Plan Agreement Generator
Move an outstanding balance onto a staged installment schedule with a written agreement. Add your logo and export a polished PDF — free, no signup.
Track the balance as it's cleared
Once the plan is agreed, use the Statement of Account Generator to show progress, or send an Invoice Reminder if an installment is missed.
Frequently asked questions
When should I offer a payment plan?
Offer a payment plan when a client cannot clear the full balance at once but is willing to pay in installments. It is a lower-friction alternative to debt collection or small claims, and gives both sides a written schedule to refer to.
Is a payment plan agreement legally binding?
A written agreement signed or accepted by both parties creates a clear record of what was agreed, which strengthens your position if a dispute arises later. For large or complex debts, consider having a solicitor review the terms.
What happens if an installment is missed?
State your late fee policy up front (for example, a fixed admin fee after a grace period) so both sides know the consequence of a missed payment before it happens.