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Reference/ Account number:

You generally pay your account promptly although lately I have noticed your payments, though regular, are consistently overdue. Is there any special reason for this? Extended credit is an overhead we both have to fight and of course prompt payment enables us to keep our costs down so that you benefit from competitive prices.

We are exercising our statutory right to claim interest and compensation for debt recovery costs under the late payment legislation, as we have not been paid according to the agreed credit terms.

Will you please send your payment for [amount] today to enable us to continue to provide you with the prompt service you rightly expect from us.

Yours sincerely,

Credit Services Manager

Amount overdue : £

Interest : £

Debt recovery costs : £

Payment terms : X days from date of invoice

Credit limit : £

Account : 123456