A sample Promissory Letter to fulfill a debt payment to a lending company in installments.
To Whom It May Concern,
For the value of $500 received on May 20, 2012. I, Cathy Malarkey the undersigned promise to pay to the Kit&Co Lending Firm, the sum of Five Hundred Dollars plus interest.
The said sum shall be paid in weekly installments of $50, with a first payment
due May 27, 2012, and thereafter until the amount has been fully paid.
All payments shall be made through bank deposits at the account number provided by Kit&Co Lending Firm. This promissory Letter, issued this day of May 10, 2012.