Dear [Name], I hope this letter finds you in good health. I am writing to address a matter regarding the late fee that was recently incurred on your account. As per our records, we noticed that the payment for [specific service/product] was not received within the specified due date of [date]. Firstly, let me express our gratitude for being a valued customer. We appreciate your loyalty and trust in our services, and we understand that sometimes unforeseen circumstances may lead to delays in payment. In order to maintain our mutually beneficial relationship, we have established a fair and transparent policy to handle late fees. Montana Sample Letter for Remittance of Late Fee — Type 1: Initial Notification of Late Fee If this is the first time you have encountered a late fee, we want to inform you that a late fee of [amount] has been added to your account. This fee was applied due to the delayed payment for [product/service]. We kindly request that you remit the outstanding payment as soon as possible to avoid further penalties. Montana Sample Letter for Remittance of Late Fee — Type 2: Reminder of Outstanding Late Fee In case you have already received an initial notification or reminder regarding the late fee, we would like to gently remind you that the previous payment remains overdue. The late fee of [amount] is still pending, as we are yet to receive the payment for [product/service]. We urge you to remit the outstanding amount without any further delay. Montana Sample Letter for Remittance of Late Fee — Type 3: Final Notice of Outstanding Late Fee If, after being notified and reminded about the late fee on multiple occasions, the payment is still unpaid, this final notice is being issued. We regret to inform you that failure to pay the late fee of [amount] for [product/service] within [specified period] will result in further actions, such as the initiation of legal proceedings or additional charges being added to your account. We understand that circumstances may arise causing unintentional delays in payment. If you are facing any difficulties or require additional time for payment, we encourage you to contact our customer support team at [contact information]. Our dedicated staff will be more than willing to assist you and work towards a suitable resolution. Please note that your satisfaction as our customer is of utmost importance to us, and we want to ensure that you continue to enjoy our products/services without any inconvenience. We highly value your prompt attention to this matter and once again extend our appreciation for your ongoing support. Thank you for your understanding and cooperation. Best regards, [Your Name] [Your Title/Position] [Company/Organization Name] [Company/Organization Address] [City, State, ZIP Code] [Contact Information]
Montana Sample Letter for Remittance of Late Fee
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How to fill out Sample Letter For Remittance Of Late Fee?
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Late Fee Policy Example 1 (Fixed or Interest): If payment is not received within those [30 days], any overdue and unpaid balances will be charged [a fixed fee of $25] [interest at a rate of 3% per month, charged daily until the balance is paid].
A late fee is a charge imposed on a consumer who fails to make the payment on a debt or other financial obligation by the due date. All late fees must be explicitly outlined to borrowers and must also be reasonable.
The invoice was due on [due date], and payment is now overdue by [number of days overdue]. Be advised that late payment interest may be applied if we do not receive payment within 30 days. Let us know when we can expect to receive payment for the outstanding invoice. Please find the outstanding invoice attached.
What Is A Reasonable Late Payment Fee? Typically, a low, percentage-based late fee is used when a payment is overdue on an invoice. Late fees usually range from 1% to 2% monthly interest rate, so staying near that range is the most reasonable approach.
Add Your Late Policy to Your Invoice Payment Terms For example, your payment terms could read: ?Thank you for your business. Payment is due within 30 days. Please be aware that we will charge 1.5% interest per month on late invoices.?
Late Fee Policy Example 1 (Fixed or Interest): If payment is not received within those [30 days], any overdue and unpaid balances will be charged [a fixed fee of $25] [interest at a rate of 3% per month, charged daily until the balance is paid].
Dear [Name], We require your immediate attention to resolve this issue. Invoice [invoice number] is now overdue by [number of days overdue]. If we do not receive payment within 10 working days, we will refer the matter to a collection agency.
Hi [CLIENT NAME], As of today, we will begin charging a late payment fee for missed invoice payments. Overdue balances will be subject to a late payment fee of [INTEREST RATE / FLAT RATE] per month, which will be charged daily until the owing balance is paid.
