Collection Notice

Name of Borrower:	[Recipient's Name]
Name of Lender:	[Lender's Name]
Amount Borrowed:	[Amount]
Date Borrowed:	[Date]

To: [Recipient's Name],

We trust this notice finds you well. We write to inform you that our records indicate an outstanding debt in your account associated with [Lender's Name]. After several reminders, the balance remains unsettled and is now subject to the terms and conditions of our collection notice.

Please consider this a formal reminder of your outstanding balance of [Amount]. This amount is due for payment immediately and your cooperation in settling this at your earliest convenience will be highly appreciated. You may pay the outstanding amount in full or contact our office to discuss feasible options.

Kindly understand the importance of this collection notice. Failing to address this might lead you to legal action or even damage to your credit score. You may choose to respond via email at [Your Company Email] or call us directly at [Your Company Number].

Please have this matter attended to as soon as possible to avoid any further inconvenience. Early communication and willing cooperation can often prevent matters from escalating further. We look forward to resolving this issue amicably and promptly to maintain a good relationship.

[Your Name]
[Your Company Name]