LETTER OF CREDIT SAMPLE

Dear XX (name of debtor),

Regarding the amount due XX (full debt amount), we act on behalf of XX
(creditors name and company) in order to collect the outstanding account
value of your debt.
We would like to remind you that the amount above was due for payment
on XX (date) but as no payment has been received, your invoice is now
considered as overdue. Please find attached the invoice and the contract
between you and XX (creditors name and company)
In order to avoid further costs, please forward the payment to us and
transfer the amount due not later than XX (time and date).
If you have any questions regarding the current situation, please do not
hesitate to contact us by phone XX (phone number) or send us an email
XX (email address).
We are sure the problem will be solved soon, as we have no doubt in your
cooperation.

Dear XX (name of debtor),

We regret to inform you that due to your unpaid debt amount of XX (full debt amount, additional
charges and interest cost) to XX (creditors name and company), from today, XX (date) we have
passed your case to court. You are now to be contacted by official court attorneys, who will notify you
of the hearing date. Therefore you will be served a subpoena to appear at court where you can
present your defence.
If you wish to settle the outstanding amount, please do not hesitate to contact us.

Dear XX (name of debtor),

Despite our previous reminder(s), we still have not received any payment or answer from you.
Therefore, we regret to inform you that if we do not obtain the payment of XX (amount) in full before
XX/XX/XX (deadline), we will have no other alternatives but to undertake court actions against you in
order to retrieve the debt amount for our client (creditors name and company). Please find the full
debt amount and additional costs below:
Account value: XX (insert debt amount)
Late payment costs: XX (insert amount)
Interest cost: XX (insert amount)
Total: XX (insert amount)
Should your payment not be received in full within the next seven days starting from XX/XX/XX
(current date) to XX/XX/XX (deadline), immediate court actions will take place.
We would advise to treat this matter with urgency and we believe you will not ignore this final
reminder. To save yourself the inconvenience of court actions, we kindly suggest settling the total
amount of debt and additional costs as soon as possible.

We still trust court actions will not be necessary and look forward to receiving payment by return.

Dear [Name of Collector]:

This letter is to follow-up our telephone conversation on (date) wherein you agreed to a delayed
repayment schedule.
We spoke about my inability to begin making payments on this debt at the present time; however you
agreed to delay repayment until (date). I, in turn, agreed to make a payment before the (day) of each
month in the amount of $________ until my payments are either caught up or the debt is paid off.

I will begin repaying this debt on (date) as agreed. Thank you for your cooperation.

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Dear Ms. Espinoza:
On July 14, 2015, you were mailed a letter reminding you of your obligation and
demanding that you send payment on this overdue obligation. As of July 14 , 2015, as
stated in that letter, the total balance was due was 20,000 plus interest of of Php.1,000
plus late charges of Php1,000. According to our records, this obligation continues to
remain unpaid..
A payment of Php2,000 was received on July 28, 2015. As of August 14, 2015 the total
amount still owned is 20,000 plus Php1,000 in accrued interest for each day after
August 14, 2015 that the amount due remains unpaid. Please send payment
immediately.
Unless we receive payment in full, in cash, within 30 days from the date of this letter,
legal action to enforce your obligations may be taken. This can result in additional cost
of collection that you may be required to pay. Collection proceedings may also hurt your
credit rating..

You areadvised to give this matter your immediate attention..

You may contact us in websitel:Rocket lawyer.com if you have any questions or need
additional information.
Sincerely yours,

JONALYN A. CAPUTE
Collector