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DEMAND FOR PAYMENT LETTER - GUIYAB (1)

Apple Elegans Lending Corporation has issued a formal demand for payment to Andel Guiyab for an outstanding debt of Php 12,550, which has accrued late fees totaling Php 28,518, bringing the total due to Php 41,068. The letter requests payment within 15 days to avoid legal proceedings. The company expresses a desire to resolve the matter amicably while emphasizing the seriousness of the situation.

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8 views1 page

DEMAND FOR PAYMENT LETTER - GUIYAB (1)

Apple Elegans Lending Corporation has issued a formal demand for payment to Andel Guiyab for an outstanding debt of Php 12,550, which has accrued late fees totaling Php 28,518, bringing the total due to Php 41,068. The letter requests payment within 15 days to avoid legal proceedings. The company expresses a desire to resolve the matter amicably while emphasizing the seriousness of the situation.

Uploaded by

Kidzen Nitrox
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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DEMAND FOR PAYMENT LETTER

From:Apple Elegans Lending Corporation


La Terraza Villas
Bucandala 1 Imus Cavite
January 27, 2025

To: Andel Guiyab


B 14 L 2 Silang st. Cherry Homes Mambog 1
Bacoor Cavite

Subject: Formal Demand for Payment

Dear Mr. Guiyab,

I hope this letter finds you well. This correspondence serves as a formal request for immediate payment
of an outstanding debt, relating to promissory note.

As per our records and the terms of our contract dated start date, the total sum of TWENTY FOUR
THOUSAND PESOS (Php 24,000) was due to be paid by you on or before due date. However, despite
our previous reminders, a balance remains unpaid. As of today, the total outstanding sum is TWELVE
THOUSAND AND FIVE HUNDRED FIFTY PESOS (Php 12,550).

In accordance with the contract, a late payment fee of 1% per day of the remaining balance or Php
145.50 pesos per day has been added. From JULY 16, 2024 TO JANUARY 27, 2025, the late payment
fee amounted to TWENTY EIGHT THOUSAND FIVE HUNDRED EIGHTEEN PESOS (Php
28,518) making your current total due FORTY ONE THOUSAND SIXTY EIGHT PESOS (Php
41,068).

I must remind you that this delay in payment constitutes a breach of our signed contract. It is not our
wish to proceed with any legal recourse. Our objective is to resolve this matter amicably and efficiently,
but please understand that we will take the necessary steps to protect our interests if required.

I kindly request you to process the due payment within 15 days from the receipt of this letter.

Please treat this matter with the urgency it deserves. If payment is not received within the stipulated time
frame, we may be forced to initiate LEGAL PROCEEDINGS to recover the owed amount, plus any
additional costs, interest and damages that we may be entitled to claim.

Thank you for your prompt attention to this matter. I look forward to resolving this issue promptly and
maintaining our business relationship in the future.

Sincerely,

Apple Elegans Lending Corporation

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