Dear [Debtor's name],
Please note that payment on your account is overdue in the amount of $598.00. According to the credit agreement that you signed, your first payment was due on April 6, 2004 and second on May 6, 2004. Both payments are now over 30 days past due. If you have already sent your payment, please disregard this notice; otherwise, please pay the full amount in 15 days.
Failure to pay on time can result in late payment penalty charges and the cancellation of your account. If you wish to discuss your account with us further, please contact us at 800-333-2222. We might be able to arrange your payment schedule.
Thank you in advance for you prompt response.
Sincerely,
[Signature]
[Name],
[Title]
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