March 25, 1997
Ms. Anna May Navarro
No. 123 Avocado St.
Talisay, Balanga City, Bataan
Dear Ms. Navarro:
We would like to inform you that the deadline of your third payment expired last February 18, 1997 in the amount of sixty thousand pesos (Php 60,000.00). With this, we would like to inform you of possible consequences of your failure to pay the amount that is due:(1) After 45 days from the due date of not paying the amount, an added penalty of 10% of the total amount will be charged; and (2) In 45 days or more the company will be forced to confiscate your car.
Please communicate with us to avoid further inconvenience.
Sincerely yours,
Sheryl L. Herrera
Account Manager