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Chapter 9. Credit and Collection Letters > Letter to Lender to Renegotiate Paym...

Letter to Lender to Renegotiate Payment Terms

In sample letter 9.38, the letter writer writes to the bank from which he has borrowed money to renegotiate repayment terms. The letter writer is clear and lays out a proposed repayment plan tied to the unexpected cash-flow needs of the business.

Sample 9.38. Letter to bank when payment is past due on loan balance (full-block format).



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