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Free Handling Changes in Billing Policy

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_________________, _________________ _________________

 

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_________________, _________________ _________________

 

Dear _________________:

 

Until recently, we permitted our established customers to buy on _________________ while newer customers bought on _________________.

 

After a recent audit indicated that some of our oldest customers are also our largest debtors, we have decided to revamp the policy. Beginning _________________, the terms for all customers will be as follows: _________________.

 

The Credit Manager will still have authority to make exceptions; so if you have a long-standing customer who pays on time, speak to the _________________ about making a special arrangement.

 

Thanks for your cooperation in implementing this new policy.

 

Sincerely,

 

 

 

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