DEMAND LETTER FOR PAYMENT

_______________
_______________
_________________

March 24, 2023

THIS IS AN ATTEMPT TO COLLECT A DEBT.

Dear __________,

You currently have an outstanding balance in the amount of Nine thousand Six Hundred Seventy Nine
Pesos (Php 9, 679.00) with the above mentioned name. The reason for the debt is described as follows:

1.) You were loaned the amount of Seven Thousand Four Hundred Fifty Three (Php 7, 453.00)
which is due October 30, 2022;

2.) You initially paid One Thousand Pesos (Php 1,000.00) which was deducted from the given
amount above, hence, the remaining balance is Six Thousand Four Hundred Fifty Three Pesos
( Php 6, 453.00);

3.) However, you re-loaned an additional amount of Three Thousand Three Hundred Twenty Six
Pesos (Php 3, 326.00), making the total owed in the amount of Nine Thousand Six Hundred
Seventy Nine Pesos ( Php 9, 679.00).

If you agree to make installment payments until the outstanding balance is paid, the following option(s)
are available:

Php 1,000.00/week until the amount due is paid in full or Php 967.9/week for ten (10) weeks.

If there is no response to this letter, all legal rights shall be explored, including but not limited to, legal
proceedings necessary to recover the debt without further notice.

This demand letter for payment serves as OFFICIAL NOTICE to you and may be tendered in court as
evidence of your failure to pay. If legal action is to occur to resolve this matter, it may involve having you
pay Attorney’s fees and may impact your credit history.

It is in the best interest of all parties to resolve this matter as soon as possible.

Sincerely,

______________