Letter Requesting Payment of Debt
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Subject: Requesting payment of debt
Dear Neil,
I hope this letter finds you in the best of health and spirit. My name is Anderson, working as a manager in [ABC] bank and through this letter, I want to send you a formal request for payment of the debt which is due and yet to be paid. We are proud to have loyal customers like you and we always enjoyed doing business with you. It was all due to the kind support you extended towards us. But yesterday, our system detected that you had borrowed from us a loan worth 10,000 US$. This amount had to be paid till 1st of November, 20XX but you have failed to pay the complete as it is being indicated by the system that an amount of 3000 US$ is yet to be paid from your side.
Our customer service representative called you many times but you either ignored or disconnected the call. This time, I thought of communicating with you through this letter instead of calling. I am sure you must have read the terms and conditions of the debt issued to you. I am recalling you again that as per those conditions if you fail to pay the debt within the agreed period, additional interest at the rate of 5 percent will be charged each month on the leftover amount. So, it is in your best interest to pay the remaining debt as soon as possible to avoid additional interest.
I hope you will entertain this request of mine and take some practical steps to return the remaining amount as soon as possible. Thanking you in anticipation.
Yours sincerely,
Size: 21 KB Word .doc File 2003 & later
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Subject: Requesting payment of debt
Dear Andrew,
I am Jackson, manager of [ABC] microfinance bank. Through this letter, I am requesting you to pay the debt of amount US$5000 which you borrowed from us on [date]. It was decided between us that you will pay the debt in 12 equal installments which means that you had to return the whole debt within one year, but our system is indicating that two months have passed but the debt is overdue and yet to be paid.
An amount equivalent to 1,000 US$ is left to be paid as it was indicated by our system yesterday and you may have received the reminder email in this regard as well. Our representatives called you many times but every time your maid received the call and told you were out for a business tour. This time you are being reminded through this request letter and I am sure you will give it due consideration because according to our terms and conditions, the interest rate on the remaining amount becomes double after passing the deadline.
So, this is beneficial for you to pay the remaining debt amount as soon as possible. Because with every passing day, you will have to pay an extra amount in lieu of interest. I hope you will understand the situation and take some practical steps to pay the overdue debt amount. Thanking you in anticipation.
Yours sincerely,
Size: 22 KB Word .doc File 2003 & later
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