Colorado Sample Letter to Client - Failure to pay account and proposed withdrawal

• Category: Letters - Legal - Client Relations
• State: Multi-State
• Control #: US-0520LTR
• Format: Word; Rich Text

Description

Sample Letter to Client - Failure to pay account and proposed withdrawal Dear [Client's Name], I hope this email finds you well. I am writing to address a matter of great concern regarding your account with [Company Name]. Despite receiving repeated reminders and notices, we have not yet received the payment for the outstanding balance on your account. This letter serves as a final notice before we proceed with appropriate actions to collect the delinquent account. It is crucial to understand the significance of paying your outstanding balance promptly. As per the terms and conditions outlined in our agreement, all invoices are due within [number of days] of receipt. Unfortunately, your account shows a payment delinquency of [number of days], which is a clear violation of our contractual agreement. Colorado's law strongly supports the rights of businesses like ours to collect past-due amounts. With that in mind, we kindly request your immediate attention to settle the overdue account. Failure to address this issue promptly may result in further proceedings, including but not limited to legal action and reporting the delinquent account to credit bureaus. Considering the circumstances, we propose the following withdrawal options to facilitate the prompt resolution of your outstanding account balance and prevent further consequences: 1. Full Payment: We request payment of the full outstanding balance of $[Amount] by [Date]. This will ensure all obligations are met and no further action will be taken against your account. 2. Installment Plan: If the full payment is not feasible, we are willing to work with you to establish an installment plan. Please respond by [Date] with your proposed payment schedule and amounts you can reasonably commit to each payment. Once we review your proposal, we will respond promptly to reach a mutually beneficial agreement. We understand that circumstances beyond your control might have caused this delay in payment, and we are open to discussing any extenuating circumstances that may impact our resolution. However, it is essential that we receive your response within [Number of days] to avoid any further escalation. Please be aware that if we do not receive payment or a response from you within the specified time, we will have no choice but to take further legal action to collect the debt owed. Such actions may include engaging a collections agency or pursuing a lawsuit in accordance with Colorado law. We genuinely value your business and hope to reconcile this matter amicably. Therefore, we strongly encourage you to contact us immediately at [Contact Information] to discuss the best possible solution for both parties involved. Thank you for your attention to this matter. We look forward to resolving this issue promptly and amicably. Sincerely, [Your Name] [Your Title] [Company Name] [Contact Information] Additional keywords: Colorado, sample letter, failure to pay, account, proposed withdrawal, payment delinquency, overdue account, legal action, payment schedule, collections agency, lawsuit.

Dear [Client's Name], I hope this email finds you well. I am writing to address a matter of great concern regarding your account with [Company Name]. Despite receiving repeated reminders and notices, we have not yet received the payment for the outstanding balance on your account. This letter serves as a final notice before we proceed with appropriate actions to collect the delinquent account. It is crucial to understand the significance of paying your outstanding balance promptly. As per the terms and conditions outlined in our agreement, all invoices are due within [number of days] of receipt. Unfortunately, your account shows a payment delinquency of [number of days], which is a clear violation of our contractual agreement. Colorado's law strongly supports the rights of businesses like ours to collect past-due amounts. With that in mind, we kindly request your immediate attention to settle the overdue account. Failure to address this issue promptly may result in further proceedings, including but not limited to legal action and reporting the delinquent account to credit bureaus. Considering the circumstances, we propose the following withdrawal options to facilitate the prompt resolution of your outstanding account balance and prevent further consequences: 1. Full Payment: We request payment of the full outstanding balance of $[Amount] by [Date]. This will ensure all obligations are met and no further action will be taken against your account. 2. Installment Plan: If the full payment is not feasible, we are willing to work with you to establish an installment plan. Please respond by [Date] with your proposed payment schedule and amounts you can reasonably commit to each payment. Once we review your proposal, we will respond promptly to reach a mutually beneficial agreement. We understand that circumstances beyond your control might have caused this delay in payment, and we are open to discussing any extenuating circumstances that may impact our resolution. However, it is essential that we receive your response within [Number of days] to avoid any further escalation. Please be aware that if we do not receive payment or a response from you within the specified time, we will have no choice but to take further legal action to collect the debt owed. Such actions may include engaging a collections agency or pursuing a lawsuit in accordance with Colorado law. We genuinely value your business and hope to reconcile this matter amicably. Therefore, we strongly encourage you to contact us immediately at [Contact Information] to discuss the best possible solution for both parties involved. Thank you for your attention to this matter. We look forward to resolving this issue promptly and amicably. Sincerely, [Your Name] [Your Title] [Company Name] [Contact Information] Additional keywords: Colorado, sample letter, failure to pay, account, proposed withdrawal, payment delinquency, overdue account, legal action, payment schedule, collections agency, lawsuit.