Subject: Important Notice Regarding Conversion of Credit Limit to C.O.D. Status Dear Valued Customer, We hope this letter finds you well. It is with regret that we must inform you of the conversion of your current credit limit to Cash on Delivery (C.O.D.) status, effective immediately. At King Washington, we value your business and have always extended credit to our esteemed customers to facilitate seamless transactions. However, after careful consideration, we have made the difficult decision to convert your credit limit to C.O.D. status due to certain concerns. While we understand this change may cause inconvenience, we believe it is necessary to maintain the financial stability and sustainability of our business. We have outlined below the reasons behind this decision: 1. Outstanding Balance: Our records indicate that your account has consistently carried a significant outstanding balance over an extended period. As a result, we must take measures to ensure prompt payment for goods and services rendered. 2. Late Payments: We have noticed a pattern of delayed payments on your account. Timely payment is crucial for us to manage our cash flow efficiently and provide uninterrupted services to all our customers. 3. Risk Assessment: Our recent analysis of credit risk has indicated an increased likelihood of payment disruptions. It is important for us to mitigate potential losses and protect the interests of our company and other loyal customers. As a result of the aforementioned factors, your credit limit has been converted to C.O.D. status. Under this arrangement, all future orders must be paid in full at the time of delivery. We kindly request your cooperation in adhering to this new payment method for future purchases. We understand that adjustments may need to be made to accommodate this change. Please do not hesitate to contact our Accounts Receivable department at [phone number] or [email address] to discuss any concerns or to explore alternative options. Alternatively, if you believe there has been an error or misunderstanding regarding your account, we encourage you to reach out to us as soon as possible so that we may rectify any inaccuracies. Thank you for your understanding and continued support. We value your business and look forward to resolving any issues to ensure a mutually beneficial relationship going forward. Sincerely, [Your Name] [Your Title] [Company Name]
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.