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The document should answer these basic questions

Who payment agreement?
Where to mail irs payment agreement?
When payment agreement form?
What is deferred payment agreement?
How to cancel payment agreement on paypal?
is payment agreement?
Why payment agreement form?
Which payment agreement with verizon?
Can i make a payment agreement with the irs?
good Will payment agreement?

Other names for the document:

Sample payment agreement letter
Simple payment agreement template
Personal payment agreement letter
Payment agreement template doc
Letter of agreement for payment of debt
Simple payment agreement template between two parties
Simple payment agreement form
Agreement to pay for damages template

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Look for a sample template online which you can use as a guide for when you are drafting your document. Open a word processing software and start formatting your document. Identify the parties who are involved in the loan. Write your consideration to make your loan valid.
Begin your letter by clearly indicating the parties involved in the agreement. Clearly state the reason for your agreement in your first paragraph giving description of all details such as stake holder ratio, payment period etc.
A payment plan can be understood as an extension of the invoice due date. Typically an invoice has payment terms, such as NET 7. Once your customer approves the payment plan they will be charged automatically for the installments on the date each payment is due.