Dear [Customer Name], We hope this letter finds you well. We wanted to inform you of an important update regarding your credit limit with our company, [Company Name]. After reviewing your recent credit history, we have determined that it is necessary to convert your account to Cash on Delivery (C.O.D.) status. We understand that this change may come as a surprise and may inconvenience you in some way. However, please be assured that this decision was not taken lightly and is necessary to ensure the ongoing financial stability of our business. Over the past few months, we have noticed a trend of late payments and extended credit terms on your account. As a result, we are implementing this change to mitigate any potential risk and protect the financial health of our company. Converting your account to C.O.D. status means that all future orders will need to be paid in full at the time of delivery. Unfortunately, we will no longer be able to extend credit terms or provide any credit limit for your purchases. This means that you will need to keep cash or a check available for each order you place with us. We understand that this change may pose some challenges for you, and we apologize for any inconvenience caused. However, we believe this adjustment will help improve transparency and accountability in regard to your payment obligations. If you have any outstanding unpaid invoices, we kindly request that you settle them promptly. Once all outstanding invoices are cleared, your account will be officially converted to C.O.D. status. Should you wish to discuss this matter further or explore alternative solutions, please do not hesitate to contact our credit department at [Phone Number] or [Email Address]. We are always happy to work with you to find mutually beneficial solutions. Thank you for your understanding and cooperation in this matter. We value your business and hope to continue serving you in the future. Sincerely, [Your Name] [Your Title] [Company Name] Possible Keywords: Nebraska, Sample Letter, Notice of Credit Limit, Conversion, C.O.D. Status, account, credit history, financial stability, late payments, extended credit terms, risk mitigation, financial health, transparency, accountability, invoices, outstanding, settle, unpaid, alternative solutions, credit department, contact information, cooperation, business, serving.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.