Bronx New York Sample Letter for Notice of Credit Limit - Conversion to C.O.D. Status

• Category: Letters - Nonlegal - Credit
• State: Multi-State
• County: Bronx
• Control #: US-0394LR
• Format: Word; Rich Text

Description

Sample Letter for Notice of Credit Limit - Conversion to C.O.D. Status [Your Name] [Your Address] [City, State, ZIP] [Date] [Customer Name] [Customer Address] [City, State, ZIP] Subject: Notice of Credit Limit — Conversion to C.O.D. Status Dear [Customer Name], We hope this letter finds you well. We value your business and appreciate the trust you have placed in [Your Company Name] as your preferred supplier. This letter serves as a notice regarding a change regarding your credit account with us. After a thorough review of our business practices, we have decided to make some changes to our credit policy, which includes converting your account to Cash on Delivery (C.O.D.) status. This decision was not made lightly and is influenced by various factors, including changes in our overall credit strategy and the current economic landscape. The details of the changes to your account are as follows: 1. Effective Date: Starting from [Date], your account will be converted to C.O.D. status. 2. Credit Limit Removal: Due to the conversion to C.O.D. status, your previously assigned credit limit of [Previous Credit Limit] will be removed. This means that all future orders will require payment at the time of delivery. 3. Payment Terms: As per the new C.O.D. policy, all invoices must be settled in full upon receipt of goods. Our delivery personnel will collect the payment at the time of delivery. We accept cash, certified checks, or money orders as acceptable forms of payment. Please note that this change will not affect any outstanding invoices or orders that have been previously authorized and shipped. Those will continue to be processed as per our previous credit terms. However, all new orders placed on or after [Effective Date] will be subject to the new C.O.D. policy. We understand that this change may cause inconvenience, and we sincerely apologize for any disruption it may cause. It is essential for us to ensure the financial stability of our business and maintain a healthy relationship with all our valued customers. If you have any questions or concerns regarding this change, please do not hesitate to reach out to our accounts receivable department at [Phone Number] or [Email Address]. Our team is available to assist you and provide further information to help facilitate a smooth transition. We recognize and appreciate your continued support and commitment to our products/services. We look forward to serving you and meeting your business needs in the future. Thank you for your attention to this matter. Sincerely, [Your Name] [Your Title] [Your Company Name]

[Your Name] [Your Address] [City, State, ZIP] [Date] [Customer Name] [Customer Address] [City, State, ZIP] Subject: Notice of Credit Limit — Conversion to C.O.D. Status Dear [Customer Name], We hope this letter finds you well. We value your business and appreciate the trust you have placed in [Your Company Name] as your preferred supplier. This letter serves as a notice regarding a change regarding your credit account with us. After a thorough review of our business practices, we have decided to make some changes to our credit policy, which includes converting your account to Cash on Delivery (C.O.D.) status. This decision was not made lightly and is influenced by various factors, including changes in our overall credit strategy and the current economic landscape. The details of the changes to your account are as follows: 1. Effective Date: Starting from [Date], your account will be converted to C.O.D. status. 2. Credit Limit Removal: Due to the conversion to C.O.D. status, your previously assigned credit limit of [Previous Credit Limit] will be removed. This means that all future orders will require payment at the time of delivery. 3. Payment Terms: As per the new C.O.D. policy, all invoices must be settled in full upon receipt of goods. Our delivery personnel will collect the payment at the time of delivery. We accept cash, certified checks, or money orders as acceptable forms of payment. Please note that this change will not affect any outstanding invoices or orders that have been previously authorized and shipped. Those will continue to be processed as per our previous credit terms. However, all new orders placed on or after [Effective Date] will be subject to the new C.O.D. policy. We understand that this change may cause inconvenience, and we sincerely apologize for any disruption it may cause. It is essential for us to ensure the financial stability of our business and maintain a healthy relationship with all our valued customers. If you have any questions or concerns regarding this change, please do not hesitate to reach out to our accounts receivable department at [Phone Number] or [Email Address]. Our team is available to assist you and provide further information to help facilitate a smooth transition. We recognize and appreciate your continued support and commitment to our products/services. We look forward to serving you and meeting your business needs in the future. Thank you for your attention to this matter. Sincerely, [Your Name] [Your Title] [Your Company Name]