Sample Recovery Letter 2
Wednesday 10 January 2024
SECOND LETTER
Member’s Details:
Name ____________________ C.U.No ____________
Original Loan: £______________ Date ______________
Current Loan Balance £______________ Date ______________
Address ____________________
____________________
____________________
WITHOUT PREJUDICE
Dear
OUTSTANDING LOAN ACCOUNT
| With reference to our letter sent to you on | ____/____/____ | |
| We find we have received no reply. Your monthly repayments of | £_____________ | |
| due on | ____/____/____ and | ____/____/____ |
| are outstanding, and interest is accruing on the outstanding amount of your loan. Your loan is now in arrears to the Credit Union for an amount of | £_____________ | |
| Plus interest of. | £_____________ | |
If there is no query on this amount now outstanding we would be pleased to receive your remittance of the outstanding amount (plus interest) within seven days at the latest.
In respect of future payments, you may wish to start regular payments by Bank Standing Order, and accordingly, please find enclosed a Bank Standing Order form. If you wish to pay by this method, please fill in this form and return it to us immediately.
If in the meantime you have responded to our last letter please disregard this one and accept our apologies
Yours sincerely,
Credit Control Officer
Encl. Bank Standing Order form