After approval of the outstanding balance, the terms of the payment plan should be written in a simple agreement. Often, there is no guarantee mortgaged by the incentive for payment by the debtor, either interest-free payments or total interest. For payment plans of more than 10,000 $US, it is recommended that both parties introduce a notary confirmation to the agreement and sign in the presence of a notary. In the event that the debtor does not make the payment after reaching fifteen (15) days after the planned payment plan, the total amount of the default is due and initial. Any other omission justifies the creditor`s right to claim damages. Use a credit card/ACH authorization form to obtain the debtor`s payment data. .