Letter for Outstanding Payment

Jane Smith

10-123 main st

Montreal

Canada

6^th May 2021

Tommy Lim

Gonzo Lenders

Calle Aduana, 29

Canada

Sub: Letter of demand – outstanding payment

Dear Tommy Lim,

I am writing in reference to contract or agreement and payment not being received.

I enclose the documents , such as invoice number, dated 20 May 2021 for the outstanding amount of $ 780.

I demand full payment of the outstanding amount within 14 days from the date of this letter .

Alternatively, and without prejudice to my rights for full recovery of the debt, I am prepared to:

• Accept the amount of $ 600 as full and final settlement of the debt if paid within 7 days .

• Accept installments of $30 per month until the debt is fully paid, the first instalment to be paid on 10 May 2021 and thereafter on the first working day of every month until the debt is fully paid.

If this matter is not resolved by the time specified above, I reserve the right to commence legal proceedings to recover the debt without further notice to you and this letter may be tendered in court as evidence of your failure to pay. Legal action may result in you having to pay legal costs, interest and could impact on your credit history.

Should you wish to contact me to discuss, my telephone number is 123-1212-123.

Yours sincerely,

Jane Smith