Payment Plan Agreement
This Payment Plan Agreement ("Agreement") is made and entered into on the date of entry between client and Successful Coaches Enterprise LLC.
1. Outstanding Balance
The outstanding balance owed by Maria Hosny- Alverez is $3,425.00
2. Payment Plan Options
The client agrees to pay the outstanding balance under one of the following payment options.
3. Payment Due Dates
The first payment will be due when electronically signing this agreement and all subsequent payments will be due on the same day each month thereafter until the balance is paid in full.
4. Late Payments
If any payment is nor received automatically within 5 days of the due date, a late fee of $50 will be assessed, and the account will be considered delinquent. After 30 days of non-payment, we reserve the right to terminate this payment plan and take further action to collect the full outstanding balance, including referral to a collection agency and reporting to credit bureaus.
5. Prepayment
The client may pay off the balance in full at any time without penalty. Any prepayments will reduce the outstanding balance but will not alter the monthly payment amount unless agreed upon in writing.
6. Default on Agreement
Failure to make payments as agreed or to comply with the terms of this Agreement will result in the full outstanding balance becoming immediately due. Additionally, further action will be taken, including but not limited to collection agency referral and potential legal action to recover the debt.
7. Acknowledgment and Signature
By electronically agreeing to this plan, you acknowledge that you have read, understood, and agree to the terms outlined above. You also acknowledge that this Agreement is a legally binding contract and that failure to comply may result in further legal action.
