Alex What happens if a payment is not received by the fifteenth day of the month?
A payment not received by the fifteenth day of the month it is due will be subject to a late charge of $75.00. If a payment is not received by the last day of the month it is due, the Buyer and transaction shall be reported to the appropriate credit agencies.
What should I do if I receive a letter about a payment?
We would request you to either reply to this notice or clear the payment as soon as possible. The letter is written to bring to your notice about the payment that needs to be released from your end —— (mention the reason). We are based at ——- (mention the location) and have requested you to release the payment as soon as possible.
What should I do if my payment is past due?
If you have already remitted payment, thank you. If your check is already in the mail, please accept our apology for this letter. Please disregard this notice if payment has already been mailed. Your past payment history indicates that you are always prompt in your payments.
How to send an acknowledgement letter for receiving money?
Acknowledgement for Receiving Money. Dear [Recipient] : With reference to the money transfer that you made last week against the [some reason, example: purchase of my house], I hereby acknowledge and confirm that I received the amount of [$3000]. Attached with letter is copy of the receipt for your reference. Thank you for your transfer.
Where do I find the payment past due letter?
As with the first letter, it may appear on the bottom of a billing statement. Copied! We know that you are busy during the summer months. You may have overlooked your first payment on the books you ordered.
Can you write a reminder letter for late payment?
Drafting reminder and explanation letters for late payment can be a difficult task. They have to be worded immaculately, as these letters can be crucial in case of legal proceedings. This article will not only provide samples but also give you an in-depth information about writing reminder as well as explanation letters for delayed payments.
When to remind a customer that payment is past due?
Your payment of $500 is now 45 days past due. Although we sent you a letter two weeks ago, notifying you that your account is past due, we still have not received payment. We wonder if you have forgotten that your payment is 45 days past due.
What are the different types of delayed payment letters?
Delayed payment letters can be classified into two basic types; a reminder and an explanation letter. Reminder letters are sent to alert the defaulting person or a company that their payment is overdue.