Late Payment Promissory Letter Sample

On or before date for the full principal money plus interest accrued on that till the date of actual payment to be made by you. When i find new employment i should be able to bring my account current. In the case of rent payments a pn may be used when the rent has not been paid for some time.

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State the situation you are in and that leads you to the problem clearly.

Late payment promissory letter sample. This means that you need to mention details like the original due date account information etc. Due to unemployment i am unable to make such a large payment. For rent payment a promissory note can be given by the landlord or the tenant. I jane doe residing at 111 maple dr los angeles ca 90435 hereby promise to pay back in full the borrowed amount of 1800 plus interest to john smith at 5432 applewood st los angeles ca 90456.

Show that you are very well aware of the situation and do not intend to avoid the discussion concerning any dues of the past. A promissory note pn is also called a payment agreement and it sets out the terms and conditions of payment for any debt. Sample promissory note fixed term no interest principal payable in equal payments until maturity acceleration of payment in the event of default in payment letter by emily on march 10 2012 promissory note fixed term no interest principal payable in equal payments until maturity acceleration of payment in the event of default in payment. You are to make the payment within the next days i e.

As per the terms of the promissory note you are liable to pay interest at 18 per annum upon default in payment. The first thing for you to do would be to explain the issue. If any portion of the principal of or interest on this debenture shall not be paid within ten 10 days of when it is due the discount multiplier under this debenture shall decrease by one percentage point 1 for all conversions of this debenture thereafter. Sample letter explaining late payment writing tips.

This money will be used for the purpose of buying a new computer for school. State the steps you have taken to deal with the situation. You must assure that it will never happen again and you will take extra care on that fact. I received your most recent letter requesting payment in full on my account.

I am enclosing a good faith payment of 100 00. I can afford to make monthly payments of 100 00 until that time. The sample promissory note below details an agreement between the borrower jonathan m hunt and the lender erika t haynes jonathan m hunt agrees to pay the principal amount of 1 000 usd to erika t haynes under the terms specified. This is part of business etiquette that helps to maintain good business relationship despite the mistake of failing to pay on time.

An apology letter for late payment is written to express regret for making a late payment. How to write a late payment letter. Late payment penalty sample clauses.