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Free COD Terms for Slow-Paying Customers

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_________________, _________________ _________________

 

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_________________, _________________ _________________

 

Dear _________________:

 

This is to inform you that as of _________________, your credit terms with our firm will be changed to a COD basis.

 

As we stated in our last letter, companies with a record of slow payment are generally switched to COD terms. Since we have seen no change in your payment pattern, your account has been switched to COD and will remain on these terms for the indefinite future.

 

Thank you for your understanding.

 

Sincerely,

 

 

 

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