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Installment Payment Acknowledgement
We are pleased we could resolve your overdue balance by accepting your offer to pay your [$------] balance in [--] payments of [$------] each. We anticipate receiving your first payment on [Date].
Please understand that should you miss any payment, we shall proceed to collect the entire balance then due. We have every confidence, however, that this will not be necessary.
We look forward to continuing business with you in the future.
If these terms meet with your understanding, please acknowledge below and return.