Travis Texas Sample Letter to Client - Failure to pay account and proposed withdrawal

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

Description

Sample Letter to Client - Failure to pay account and proposed withdrawal Subject: Urgent Notice: Failure to Pay Account and Proposed Withdrawal Dear [Client's Name], We hope this letter finds you well. We appreciate the business relationship we have built with you and value your continued support. However, it has come to our attention that there is an outstanding balance on your account, which has not been settled within the agreed-upon terms. As per our records, the total outstanding amount on your account is [Amount Due]. Initially, we allowed for a grace period of [Number of Days] for you to clear the payment. Regrettably, despite sending multiple reminders, we have yet to receive any response or payment from your end. Failure to pay your account balance has a significant impact on our ability to effectively manage our operations and obligations. To rectify this issue, we present you with the following proposal for the repayment of your outstanding balance: 1. Payment Plan Option: We are willing to offer you the option of splitting the outstanding amount into manageable monthly installments. This will allow you to settle the debt over an agreed-upon period. We kindly request you to contact us within [Number of Days] to discuss this option further and mutually agree upon a repayment plan that suits both parties. 2. Incentive for Prompt Payment: If you settle the entire outstanding amount within [Number of Days], we are prepared to offer a [Discount/Incentive Percentage] discount on the total balance. This reduction can provide an opportunity for you to clear your outstanding debt swiftly and effectively. We understand that facing financial difficulties may be the reason behind the delay in payment. Should this be the case, we encourage you to communicate openly with us, providing any necessary supporting documentation. We are always open to finding a reasonable solution that works for both parties involved. However, if we do not receive any response to this letter or any payment within [Number of Days], regrettably, we will have no choice but to escalate the matter further. This may include involving a collection agency or pursuing legal action to recover the outstanding amount, all of which will have severe consequences for your creditworthiness and possibly result in additional costs. We sincerely hope it does not come to this, and we strongly encourage you to take immediate action to settle your account. Prompt payment not only helps in maintaining the positive business relationship we have established, but it also ensures that you avoid any unnecessary inconvenience and financial repercussions. Should you have any queries or need assistance, please do not hesitate to contact our dedicated accounts team at [Contact Information]. We are committed to resolving this matter amicably and look forward to hearing from you soon. Thank you for your immediate attention to this urgent matter. Yours sincerely, [Your Name] [Your Position/Title] [Your Company Name] [Contact Information]

Subject: Urgent Notice: Failure to Pay Account and Proposed Withdrawal Dear [Client's Name], We hope this letter finds you well. We appreciate the business relationship we have built with you and value your continued support. However, it has come to our attention that there is an outstanding balance on your account, which has not been settled within the agreed-upon terms. As per our records, the total outstanding amount on your account is [Amount Due]. Initially, we allowed for a grace period of [Number of Days] for you to clear the payment. Regrettably, despite sending multiple reminders, we have yet to receive any response or payment from your end. Failure to pay your account balance has a significant impact on our ability to effectively manage our operations and obligations. To rectify this issue, we present you with the following proposal for the repayment of your outstanding balance: 1. Payment Plan Option: We are willing to offer you the option of splitting the outstanding amount into manageable monthly installments. This will allow you to settle the debt over an agreed-upon period. We kindly request you to contact us within [Number of Days] to discuss this option further and mutually agree upon a repayment plan that suits both parties. 2. Incentive for Prompt Payment: If you settle the entire outstanding amount within [Number of Days], we are prepared to offer a [Discount/Incentive Percentage] discount on the total balance. This reduction can provide an opportunity for you to clear your outstanding debt swiftly and effectively. We understand that facing financial difficulties may be the reason behind the delay in payment. Should this be the case, we encourage you to communicate openly with us, providing any necessary supporting documentation. We are always open to finding a reasonable solution that works for both parties involved. However, if we do not receive any response to this letter or any payment within [Number of Days], regrettably, we will have no choice but to escalate the matter further. This may include involving a collection agency or pursuing legal action to recover the outstanding amount, all of which will have severe consequences for your creditworthiness and possibly result in additional costs. We sincerely hope it does not come to this, and we strongly encourage you to take immediate action to settle your account. Prompt payment not only helps in maintaining the positive business relationship we have established, but it also ensures that you avoid any unnecessary inconvenience and financial repercussions. Should you have any queries or need assistance, please do not hesitate to contact our dedicated accounts team at [Contact Information]. We are committed to resolving this matter amicably and look forward to hearing from you soon. Thank you for your immediate attention to this urgent matter. Yours sincerely, [Your Name] [Your Position/Title] [Your Company Name] [Contact Information]