In business transactions, late payment is one of the common problems a lender can face. Non-payment or delayed action can turn your plans of business development into dust so no one should take it easy. Pending payment later is a useful way to give other party a wake up call as it is a polite way to serve an ultimate notice. The General Manager of lending company requests the General Manager of other company to clear the debts as soon as possible.
During the pending payment letter, you have to make sure that you write everything in detail and explain how much the payment has been delayed already. There are certain types of pending payment letters. In some you use a softer tone while in others you use a harsh tone since the other person is not willing to pay.
Scroll down and learn how to write a pending payment letter. Through our template and sample, it will be easier for you to understand how to write this letter.
Tips to Write Pending Payment Letter
- Write in detail
- Keep a professional and formal tone
- Do not use a negative tone