Apology Letter for Late Payment
In this day and age, our business relations matter a lot. Every relation that has a monetary value attached to it needs a lot of attention and care. If we delay any payment due to any reason, it is our duty to apologize.
Firstly, politely apologize for the delay and mention that you remember the payment deadlines. Secondly, explain any reasons for the delayed payment and be honest with your reasons. Try to make the payment as soon as possible. Pay for any delayed loss caused to the client and give your vendor the confidence that he will receive a timely payment in the future.
Apology Letter for Late Payment
Dear [Recipient Name],
Thank you so much for being a punctual vendor. I have a list of vendors and you have always been the best so far with the quality of your material and in terms of punctuality as well. I hope our business relationship grows stronger over the time.
I work on very ethical business terms and I always try to pay all my vendors on time. But sometimes, we all get some delays in payments due to some of our own personal reasons. I had to pay various vendors in the last two weeks. I had sufficient funds in my account and I was expecting some payments from my customers. My customers delayed the payment due to which I was running short of cash and I was not able to pay you.
I am ready to pay any extra charges for the loss that I may have caused you. You can be sure that this delay was the result of some uncertain situation and that I will take extra measures to make sure that this will not happen again.
I have attached a cheque with this letter. I hope our business relations will continue as ever despite the little problems we face at times. I highly appreciate your patience and understanding over this matter. Please let me know any of your concerns. I will be more than happy to respond.
Sincerely
[Your Name]
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Apology Letter for Late Payment
Size: 38 KB Word .doc File 2003 & later
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Size: 122 KB PDF File
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[personal use only: Not for Resale & Distribution]
