Address 1
Address 2
Address 3
Address 4

[Date]

Dear

Reference/ Account number:

Balance Due as at [date]:  £[           ] (Comprising capital sum of £[            ] plus interest of £ [         ] plus compensation for debt recovery costs of £[           ]).

Your payment for invoice number [                            ] for  [specify goods purchased] is now [X] days overdue. No queries have been raised on your account, so the balance remaining is undisputed.

In accordance with the late payment legislation, our company charges debt recovery costs of [£       ] and interest on late payments of X% (i.e. the current reference rate plus 8%). This means that interest will continue to accrue on the above invoice at a rate of [         ] a day. As of today’s date, the outstanding interest stands at [           ].

Please send me your payment by [specify desired method of payment] by return of post. If you have any queries, please contact me by telephone on [               ].

Yours sincerely

Credit Manager