My company cant afford to pay the entire amount due right now. Can we pay in installments?
Yes. To elect an installment payment plan, complete the enclosed Remittance Advice form. The installment payments will include an interest charge at the annual rate of nine percent (9%) simple interest. The monthly installment periods are 12 months for those owing $5,000 to $25,000 and 24 months for those owing more than $25,000. If you make the election, then a promissory note, payment schedule, and payment instructions will be provided at a later date.
