___________________ ________________________ ________________________ ________________________ Attention: _____________ This is to advise you that you are in default under the terms of the promissory note dated ____________, for failure to make the payments
due thereunder on _________________. The total amount due for those payments is $______. It is imperative that full payment be received on or before ten (10) days from the date
of this letter, or the term for payment of your indebtedness will be accelerated and the entire principal balance and any unpaid interest
will become immediately due and payable and proper legal action will be taken to enforce payment thereof. As you are aware, the terms of the promissory note provide that interest accrues, from the date of default, at the highest rate allowable by
law, and you are liable, upon default, for all costs and reasonable attorney's fees incurred in collection. Govern yourself accordingly. Sincerely, ____________________________ NOTICE The information in this document is designed to provide an outline that you can follow when formulating business or personal plans. Due
to the variances of many local, city, county and state laws, we recommend that you seek professional legal counseling before entering into any
contract or agreement.
Where can you find a free printable collection demand letter? At max-info.com