Create a bespoke document in minutes, Â or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Payment Plan Letter To Debtor
"I need a Payment Plan Letter to Debtor for a retail business debt of SGD 25,000, to be paid in monthly installments over 18 months starting January 2025, with a 5% interest rate and early payment discount option."
1. Recipient Details: Full name, address and contact information of the debtor
2. Debt Acknowledgment: Statement confirming the total outstanding debt amount and its origin
3. Payment Terms: Detailed payment schedule including installment amounts and due dates
4. Interest Rate Declaration: Clear statement of applicable interest rate and calculation method in compliance with Singapore law
5. Default Provisions: Consequences of missed payments and remedies available to the creditor
1. Grace Period Terms: Optional terms for payment flexibility and buffer periods
2. Early Payment Incentives: Terms and conditions for early payment discounts or benefits
3. Collateral Details: Information about any security or collateral provided for the debt
4. Dispute Resolution: Procedures for handling disputes and disagreements
1. Payment Schedule: Detailed breakdown of payment dates, amounts, and running balance
2. Original Debt Documentation: Copies of original agreements, invoices, or documents establishing the debt
3. Statement of Account: Current account statement showing debt calculation and payment history
4. Interest Calculation Schedule: Detailed breakdown of how interest is calculated and applied to the debt
Authors
Find the exact document you need
Download our whitepaper on the future of AI in Legal
³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.