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Free Default Loan Letter and Legal Action Threat

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Re: Loan number _________________

 

Dear _________________:

 

We have not received any payments on your loan for the past _________________ months. Perhaps you have overlooked these payments, or perhaps they were misplaced in transit.

 

I am writing to inform you that your loan is now in default. We must receive payment on the total past due amount of _________________ within _________________ from the date of this letter in order to prevent legal action.

 

If you have overlooked this payment, please pay it in full now. If you need to make an alternate payment arrangement, call me. I will try to accommodate you. But please, let me hear from you immediately, so that we can avoid further risk to your credit status.

 

Sincerely,

 

 

 

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