Fresh News: Free business letter - accounts Acceptance of installment payment proposal Date Recipient's name Recipient's position Recipient's company/business Recipient's address Dear name I refer to your letter or telephone conversation on date, in which you outlined a proposal to repay your outstanding account by instalments. We are prepared to accept payment of the overdue amount on the following basis: 1.
First payment of $amount on date. Subsequent equal payments of $amount on the first of each month, with the final payment due on date. Please be advised that we expect your company or business or you to adhere strictly to the above timetable. Failure to do so may result in the termination of this instalment agreement, with the result that all outstanding monies will immediately become due and payable. As you can appreciate, we are unable to offer you further credit until the outstanding amount has been paid in full.
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Hello here is your simple format letter of that.! RSL/ICICI/2013-14/012 March 27, 2014 The General Manager ICICI Bank 125/1 K L Road Mumbai – 458 545 Attn: Shri S K Jha Dear Sir, Sub: Payment of installment falling due on 01.04.14 We are enclosing herewith a Cheque No dtd.30.03.14 for Rs.50,00,000/- (Rupees Fifty Lacs only) drawn on State Bank of India towards the payment of principal installment falling due on.
Please acknowledge the receipt of the same. Thanking you, Yours faithfully, For ROCKET SALES LTD ANIL JAIN MANAGER (FINANCE & ACCOUNTS). Guidelines for a letter: 1.
Type the letter, rather than hand writing 2. Be professional 3.
![Letter Letter](/uploads/1/2/4/0/124036196/754771073.png)
Keep it short and precise 4. Use a business format 5. Attach supporting documents Date: Youe Name: Address: Name of the person: Address of the Home/Business: Dear Sir/Madam, (Body) Sincerely yours, Signature over printed name - Here`s my sample: August 28, 2013 Alfred Monguez Heavens Gate fund 3609 Knight Road, Suite 202 Memphis, TN 38118 Tel:255-768-1342 Mr. Janus Delprado Los Angeles Univertity 689 Main St., Suite 211 Los Angeles, CA 98543 Dear Mr. Delprado, I would like to remind you with your oustanding balance of $225.00 that we have not yet receive this payment.
Please review the attached file for your reference. If this amount has been paid, please ignore this email. Otherwise, forward us the amount owned in full by September 29, 2013 2013. We would like to inform you that we begin charging 3% interest after 30 days for any outstanding amount. We appreciate your cooperation.
We hope to continue doing business with you in the future. Sincerely yours, Alfred Monguez Heavens Gate fund - Accountant IMPORTANT: Attach necessary documents. Try this letter, hope it will help you as your guide. February 21, 2014 Credit Card installment Department ABC Credit Card Company Metro Manila, Philippines Sir/Mam; Good day, I would like to apply my credit card balance in a flexi term payment, I`m paying my balance for more than ten (10)years now and I`m not using it anymore for a longer time it may only cause me to increase or no changes on my balance statement.
I`d rather pay it as soon as i can through a flexi installment and close my account. Here is my card information; Credit card statement of account number 2-10003 under my name Juana Deal Cruz with outstanding balance of PHP 45,000.50 as of this day. Hope to hear from you soon regarding my application for a flexi term installment plan. Very truly yours; Juana dela Cruz.
As much as we want to pay our creditor on time with the exact payment, there are times that we`re unable to meet the due date and the amount. But to continue to meet our financial obligation, we can ask for a reduction of our monthly installment payment to the bank. Please read my sample letter below: Date Name of the Loans Manager Name of the Bank Address of the bank Sir/Madam, I regret to tell you that I am not capable anymore of continuing my minimum monthly payment because of the problem I`m facing right now. My husband is in the hospital right now and he has to undergo a major operation. I want to continue my payment and be responsible in managing my finances. I tried my best and check my budget but it`s still impossible and the only way I can think of is to change my monthly payment into a lesser amount. I`m requesting for a reduced monthly installment payment until we can recover from our current situation.
Instead of paying $( amount of current monthly payment ), I wish to reduce it to $ ( new amount ). I will resume with my regular payment once everything will be okay. Stephen moyer distressed debt pdf free. I hope you can understand my situation and grant my request. Thank you very much. Sincerely, Your name.
Sample letter of credit card payment installment loan application. Of installment on credit card payment that has been more than 10 years outstanding?
Your creditor has already figured out that you aren`t paying the bill, or they. Runs four to six years from the date you last made a payment. If you`d like to monitor your credit more regularly, Credit.com`s free Credit Report Card provides. Write a letter of dispute and send it to the credit agency Write a letter of hdfc bank manager to increase my credit limit more then. Source: How to write letter applying of installment on credit card payment that has been more than 10 years outstanding? How to write letter bank manager for applying atm card and net.
Consider this format: Your Name Your addres City, State, Zip Your Telephone number: Date of Letter Person Name Company Name or Business Name Address City, State, Zip Dear Person Name:( start with a greeting) Outstanding Invoice Our records show that you have an outstanding balance dating back to( date). Your January invoice was for ( amount) and we have yet to receive this payment.
Please find a copy of the invoice enclosed. If this amount has already been paid, please disregard this notice. Otherwise, please forward us the amount owed in full by March 1st, 20-. As our contract indicates, we begin charging 5% interest for any outstanding balances after 30 days. Thank you in advance for your cooperation.
We hope to continue doing business with you in the future. Sincerely, Your Name ( complete) Make sure to fill up all the details needed so that you will get a reply. I hope this helps! You may try this as your reference. Date: nAme: To the concern Department. I wish to apply for an installment on a credit card that I saw on your Ads. Basically I was kinda hesitant at firsr because I have a pending account concern, If this concerns are still won`t give any problem with regards to my application., I will definitely apply one.
Attached to this letter is my personal number so you can call me with regards to this concern. Hoping for a feedback form you soon. Thanks Sincerely, Name. This is an issue that should be taken care of as fast as possible.
You will want to contact your bank over the phone in order to successfully get the situation resolved, writing a letter may take a long time to get seen or recognized by a bank. But below should be the basics of the letter you are writing: To whom it may concern, I (your name) am requesting the refund of money that has been used by my account without my authority. The amount of was debited from my account on (date) without my authorization or knowledge. Thank You (YOUR NAME). I have a scholarship grant of $60K that I have to pay back after I graduate from college in June 2017, because I do not intend to return to my coun.
Sample Letter For Installment Payment Proposal
I have a scholarship grant of $60K that I have to pay back after I graduate from college in June 2017, because I do not intend to return to my country to work for any of the government entities for three years to have my grant forgiven. I intend to live in the US and find a job after college graduation. I would like to ask for a good faith installment loan proposal letter to pay back the $60K grant. Leader Board Leading Today Pts Helpful 1.
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An installment payment agreement letter is a legally binding contract between someone who borrows money, the promisor, and the person who lends the money, the payee. The letter should include how and when the repayments will be made as well as any penalties if the promisor defaults on payments. If it is properly written, the letter can be used as evidence in court if it becomes necessary for the payee to go to court to get the money back. It’s a good idea to write a payment agreement letter whenever a person loans money even to a family member, friend or colleague. Loaning money is a business transaction and should be treated as such. The letter will eliminate any possibility of confusion later. This letter will protect both the payee as well as the promisor.
The payee wants legal proof that they loaned the money and that the promisor agreed to repay it. The promisor wants legal proof of how much they borrowed, so the payee cannot claim the amount was higher at a later date. It is recommended to sign the letter in front of a notary. This may require a small fee. If it is not possible, then witnesses should also sign the letter. A copy should be made so both the promisor and payee has one. Agreement letters may also be used at the time of a divorce when the mother requires regular payments from the father for child support.
Insurance companies may also request an agreement letter to ensure the client will make the proper deductible payments. Payment Letters Payment letters are also useful for people who want to repair their credit report. Most lenders will be happy to work with debtors if they give a clear offer of payment. If the letter is between business partners or for official loans, the amount of interest that will be charged for the duration of the loan should be mentioned. For loans between friends, interest is often not charged, but should be mentioned if it is charged. The letter should be very concise to avoid confusion. It should include: .
The legal name of both the promisor and the payee. The total amount of the loan. The terms of the repayment. What the payments are for.
When the payments are due. How the payments will be made. When the last payment should be made. Any penalties for defaulting.
Any grace period for late payments The letter should have a signatory area at the bottom, and it is recommended that there be space for a witness signature for each side. The format should be accurate if it is to be seriously considered in the event the payee needs to go to court. Here are samples of installment payment agreement letter. If a notary is not used, the letter can be sent by certified mail by the payee or promisor to themselves. This will give the time and date the letter was signed. This may be crucial information if the payee takes the promisor to court.
S ample 1 - Installment Payment Agreement Letter FULL NAME OF PAYEE FULL NAME OF PROMISOR DATE OF LOAN DATE REPAYMENT IS DUE TOTAL AMOUNT DUE TERMS OF AGREEMENT: I, FULL NAME, borrowed $500 from FULL NAME on DATE. We both agreed that the money would be repaid in a series of scheduled payments. I, FULL NAME, will repay the loan with a personal check in a series of $100 payments every month for five months starting DATE. The payments will be given to FULL NAME on the first of every month beginning with June 1st with the last payment being made on October 1st. I, FULL NAME, will pay a $5 per day late charge for any payments that are not on time as agreed until the loan is paid in full. The payee and the promisor agree to the payment agreement terms listed above.
Signed: Signature of Promisor with DATE Printed full name and address, email address, phone number of promisor Signature of Payee with DATE Printed full name and address, email address, phone number of payee Signature of Witness(s) with DATE Printed full name and address, email address, phone number of witness(s). S ample 2 - Installment Payment Agreement Letter Full, legal name of Payee Full, legal name of Promisor Loan Date Total Amount of Loan Final Due Date for Repayment Agreement Terms: I, PAYEE NAME ('Payee'), borrowed $1,000 from PROMISOR NAME ('Promisor') on Loan Date.
By signing this agreement both Payee and Promisor acknowledge that Payee will pay back Promisor using the following payment schedule. Payee agrees to repay Promisor with a personal check for $100 on the first of each month for 10 months beginning with January 1, 20. The last payment will be made October 1, 20, at which time the loan will be fully repaid. Payee further agrees to pay a $35 per week late charge for every week that payment is delayed after the first of the month.
This $35 late charge may be prorated as a $5 per day charge for each day that the payment is late for segments of time shorter than seven days. Both Payee and Promisor agree to the payment agreement defined above. Signed: Signature of Payee with Date Signature of Promisor with Date Signature of Witness or Notary with Date Related Articles.
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Wish to prepare an amortization table. You want to figure out and document monthly payments and interest. Whenever money is being loaned, a Payment Agreement is a good first step. Loans can contain a lot of information, but there's no reason why they can't be simple. Having all the details organized in one place can help avoid confusion and future complications. Agreements can fall apart, so when your money is involved you should take care to ensure you're protected. Whether you're the borrower or the lender, having everything clearly documented in writing can give you the extra assurance you need.
Getting a Payment Agreement drafted is a great foundation for a smooth loan. Other names for this document: Loan payment Agreement, Payment Plan Agreement, Installment Agreement. Whenever money is being loaned, a Payment Agreement is a good first step. Loans can contain a lot of information, but there's no reason why they can't be simple. Having all the details organized in one place can help avoid confusion and future complications. Agreements can fall apart, so when your money is involved you should take care to ensure you're protected. Whether you're the borrower or the lender, having everything clearly documented in writing can give you the extra assurance you need.
Getting a Payment Agreement drafted is a great foundation for a smooth loan. Other names for this document: Loan payment Agreement, Payment Plan Agreement, Installment Agreement.