Late Payment Promissory Letter Sample

State the steps you have taken to deal with the situation.

Late payment promissory letter sample. This money will be used for the purpose of buying a new computer for school. 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. You must assure that it will never happen again and you will take extra care on that fact. 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.

A promissory note pn is also called a payment agreement and it sets out the terms and conditions of payment for any debt. Show that you are very well aware of the situation and do not intend to avoid the discussion concerning any dues of the past. As per the terms of the promissory note you are liable to pay interest at 18 per annum upon default in payment. An apology letter for late payment is written to express regret for making a late payment.

I can afford to make monthly payments of 100 00 until that time. Sample letter explaining late payment writing tips. 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. Late payment penalty sample clauses.

You are to make the payment within the next days i e. Due to unemployment i am unable to make such a large payment. The first thing for you to do would be to explain the issue. When i find new employment i should be able to bring my account current.

For rent payment a promissory note can be given by the landlord or the tenant. I received your most recent letter requesting payment in full on my account. 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. This is part of business etiquette that helps to maintain good business relationship despite the mistake of failing to pay on time.

State the situation you are in and that leads you to the problem clearly. This means that you need to mention details like the original due date account information etc. 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.