Sample Notice Letter

September 12, 2001

Ms. Adelle R. Sorero
Mercel Enterprise
Tenejero St.
Olonggapo City

Dear Ms. Sorero:

We would like to inform you about your past due account over to me hoping that I will convince you to bring it current prior to forwarding your file to our legal department.

Your credit account has reached the critical stage and as you must be aware of this thing. Can you please pay your balance in the amount of Php65,000.00 within 10 days to avoid any penalty or additional cost.

Do not hesitate to call me if you have any question regarding this matter.

Sincerely,

Teodoro R. Manansala
Credit Department