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What should a late payment letter include? your company name and address. recipient's name and address. today's date. a clear reference and/or any account reference numbers. the amount outstanding. original payment due date. a brief explanation that no payment has been received.
I have taken a careful look at my financial situation. I have set up a realistic minimum budget for my living expenses and have developed a debt repayment program. I am hoping you will accept a reduced payment of per month. Amounts will be increased as soon as possible until the debt is totally paid.
I have taken a careful look at my financial situation. I have set up a realistic minimum budget for my living expenses and have developed a debt repayment program. I am hoping you will accept a reduced payment of per month. Amounts will be increased as soon as possible until the debt is totally paid.
Keep the subject of the letter precise and in one sentence. The details of the organisation from which the order has been made and the details of the order itself should be elaborated clearly. The main body should be informative about the reason behind writing the letter and the pending payment to be made.
Example letter I am sorry that I am unable to keep up my monthly payments to your company. I'm sick and unable to work. I've claimed benefits and I'm waiting to hear the outcome of my claim. My situation is unlikely to improve for at least 3 months.
Based on my current income and expenses, including my $700 mortgage payment and $200 car loan payment, I am not able to make my regular credit card payments. In place of my payment of $100 per month, I ask that you accept $30 per month for the next four months starting in March. I will pay by the 15th of the month.
Dear [Bank Manager], I am writing this letter to request that you kindly stop the Equated Monthly Installments (EMIs) on my loan account [account number]. Due to some unforeseen circumstances, I am currently facing financial difficulties and I am unable to continue making the EMI payments.