Letter to Inform The Bank About The Limitations : I Can Pay This Much Each Month against My Account
This Letter should be written in The Letter-Pad of the Company.
The Sender's Name,
Door Number and Street's Name,
Postal Code : XXXXXXX
Phone Number : 0000 - 123456789
E-mail ID : firstname.lastname@example.org
The Company's Name,
Full Address with Phone Number.
This is to inform you that I am in receipt of your letter of 6th June - 1998 and I acknowledge that my account is in the arrears in the amount of $ 13,456.
We have been experiencing some difficulties lately in collecting our accounts receivable and unfortunately the domino theory has become a reality.
In fairness to all of our creditors, I would like to suggest that I send you $ 1500 per month for a period of 9 months in order to satisfy this obligation. I am enclosing the first check for 1500 as a sign of good faith and am hoping that this proposal will be acceptable to you. It is understood that should we be successful in our attempts to collect some of our larger receivables during the next few months, I will be most happy to remit the entire balance owing on this account.
Please let me hear from you regarding the proposal I have outlined. Thank you for your patience and understanding in this regrettable situation.
(The Sender's Signature)
The Sender's Name
This is a typical letter. You have to add your company's name with full address. And the receiver's name and full address also should be added in the place allotted for that purpose. Without those primary details no letter carries any significance. So, you are requested to provide all those important details. Failing which the letter will make a wrong impression about your company and you among the receivers of your letters. This is the most unwanted attitude on your side in dealing with the clients who are the most valued assets of any business organisation. If necessary, leave those spaces blank.
Letter to Inform The Bank About The Limitations
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