Payment Plan Agreement Contract Template for Belgium

1. Acceleration Clause: Triggers for immediate payment of entire remaining balance - include when dealing with high-risk debtors

2. Collateral: Details of any assets provided as security - include when the agreement is secured

3. Insurance Requirements: Mandatory insurance coverage - include when collateral is involved

4. Third-Party Guarantor: Details and obligations of any guarantors - include when there is a guarantee

5. Privacy and Data Protection: Specific GDPR compliance terms - include when handling personal data beyond basic contact information

6. Early Payment Provisions: Terms for early repayment including any discounts - include when early payment options are offered

7. Debt Counseling: Reference to debt counseling services - include when dealing with consumer debtors

1. Schedule A - Payment Schedule: Detailed table of payment dates, amounts, and running balance

2. Schedule B - Original Debt Documentation: Copies or references to original agreements or invoices creating the debt

3. Schedule C - Direct Debit Authorization: Banking details and authorization for automatic payments if applicable

4. Appendix 1 - Calculation of Interest: Detailed breakdown of interest calculations and fees

5. Appendix 2 - Contact Information: Complete contact details for all relevant parties and representatives

6. Appendix 3 - Collateral Documentation: Details and documentation of any security or collateral if applicable