Credit advice

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Reference/ Account Number:

Court action will be the consequence of your ignoring this letter.

Despite our telephone conversations on [dates] and our letters of [dates], and your promise to pay, payment of your account has still not been received. If full payment is not received by [date] court action will be taken against you. If you allow this to happen you will incur court costs and you may forfeit your credit status because your name will be recorded by the major credit reference agencies. This may deter others from supplying you.

You are also being charged debt recovery costs and statutory interest of 8% above the reference rate (fixed for the six month period within which date the invoices became overdue) pursuant to the late payment legislation.

To stop this from happening please pay in full now or contact me to put forward your proposals.

Yours sincerely


Credit Services Manager

Amount overdue : £

Interest : £

Debt recovery costs : £

Payment terms : X days from date of invoice

Credit limit : £

Account : 123456