TIMBAL & PARTNERS

LAW OFFICE/NOTARY PUBLIC

Rm.211 NDI Comercial Complex, A.S Furtuna St. Bakalid,
Mandaue City
(032)520-5291/ceciletimbal@gmail.com

Date: December 12, 2022

Dear: Mrs.Analiza C. Velarde

Mrs.Analiza C. Velarde We write on behalf of our EXQUISITE LENDING SERVICES, INC,

(ELSI), regarding your unpaid loan which you obtained from the company and which you have
unjustifiably refused to pay or setle with our clients representatives.

Upon review of the records,your total outstanding balance amounts of Eight Hundred n
Seventy Seven Thousand Five Hundred Five Pesos (877,505.00) with an Deliquent Account
amount of One Hundred Forty One Thousand Six Hundred Ten Pesos (141,610.00) excluding
interest and penalties. Despite several follow-ups and demands you refused and still refusing to
pay your obligation

Please settle the above-mentioned amount with our client within five(5) days from receipt of this
demand letter, or kindly deposit your Vehicle, otherwise , we will be constrained to file necessary
case against you to protect the interest of our client.

Kindly give this letter your utmost attention to avoid the rigors nof the court litigation and the
expenses that come with it.

Very truly yours,

Received by:
Name & Signature:
Date and time: