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Late Payment Letter B: Second Reminder Letter Template

Dear Sirs,

Outstanding Account Value – £ (Insert sum)

As at today’s date, we have yet to receive payment of the outstanding amount, which is now considerably beyond our agreed payment terms.

Our company has not yet levied any late payment or interest charges under the “Late Payment of Commercial Debt (Regulations) 2013” but we reserve our right to do so should your company fail to make immediate payment of the overdue amount.

We trust this will not be necessary and look forward to receiving payment of the overdue sum by return.

Regards
………………………………………………………………………………………………
End of letter

For your information only

Do not include the information below in correspondence to debtors.

Late payment letter drafted for Company Bug for its readers to use by Safe Collections, a debt recovery and credit control company. If you have a customer you are concerned about who may be unable or unwilling to pay your invoices you can speak to Safe Collections on 01772 454505, for a free, no obligation, credit health check.

Late payment charges as outlined above can only be charged on commercial business to business (B2B) transactions and not on business to consumer (B2C) debts.