Credit Agreement Termination Letter
[YOUR COMPANY NAME]
[YOUR COMPANY ADDRESS]
[ YOUR COMPANY EMAIL ADDRESS]
[YOUR COMPANY PHONE NUMBER]
August 5, 2055
Robin Himes
1442 Golden Street
Opa Locka, FL 3305
Dear Mr. Himes,
We write to inform you that we intend to terminate the credit agreement between you and our company, [YOUR COMPANY NAME], by clause 7(b) of the agreement signed on [START DATE].
The effective date of termination will be [TERMINATION DATE]. We are required to notify you at least 30 days before the termination date, which we have done with this letter. It is important to note that as of [DATE] you have an outstanding balance of $[AMOUNT]. This should be cleared, in full, by the termination date. Failure to comply with this instruction may result in additional charges and potential legal action to recover the amount.
Please contact our Accounts Department at (123) 456-7890 for further information about the payment plan and options available to you for settling this account. In terms of our digital footprint, your details will be securely archived in line with our privacy policy, which you can access from our website anytime. We regret the closing of this financial chapter between us and hope for a possible fruitful association shortly. We wish you all the best in your future endeavors.
If you have any questions related to this matter, kindly write to us or call our office during business hours.
Kind regards,
[YOUR NAME]
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