Sample Recovery Letter 4
Wednesday 10 January 2024
FOURTH LETTER
Member’s Details:
Name ____________________ C.U.No ____________
Original Loan: £______________ Date ______________
Current Loan Balance £______________ Date ______________
Address ____________________
____________________
____________________
WITHOUT PREJUDICE
Dear
OUTSTANDING LOAN ACCOUNT
| We have written to you on | ___/___/____and | ___/___/____and | ___/___/____ |
requesting payment of the above overdue Loan Account, but to date our requests have
| been fruitless. Your loan has been formally declared in default on | ___/___/____ |
so all your shares less £1 have been transferred to pay towards your loan, plus interest,
| costs and expenses. However, you still owe the Credit Union | £______________ |
| plus interest of | £______________ |
We now have no alternative but to inform you that unless we receive payment of the outstanding sums by ________________ we shall pass the matter to a Debt Recovery Agency with instructions to commence legal proceedings to recover this debt.
Please note that all expenses including the Agency’s fees and legal costs shall be recovered from you if legal proceedings are commenced. Pay now and avoid legal action.
Yours sincerely,
Credit Control Officer