Letter from Secured Creditor to Borrower Demanding Payment
[DATE, ex. Wednesday, January 28, 2011]
[NAME, COMPANY AND ADDRESS, ex.
City, State, Pin Code]
Dear [NAME, ex. Mr. Graham],
This is a notice hereby given that [NAME OF THE BORROWER] has defaulted in payment of its indebtedness to us. As of [DATE, ex. February 3, 2011], [NAME OF THE BORROWER] the indebtedness amounts to [COMPLETE DEBT AMOUNT, INCLUSIVE OF PRINCIPAL AND INTEREST, ex. $56,256] inclusive of all advances and accrued interest.
We therefore demand payment in full of [NAME OF THE BORROWER] unpaid indebtedness to us in the amount of [COMPLETE DEBT AMOUNT, INCLUSIVE OF PRINCIPAL AND INTEREST, ex. $56,256] on or before [LAST DATE FOR REPAYMENT, ex. July 30, 2011], failing of which will force us to take such action as may be necessary to effect repayment, including realization under any collateral security delivered to the us.
Kindly manage yourself accordingly.
[Your Name, ex. Mark Anthony]