A credit letter is used as a financial tool in many situations. Do you think that the letter of credit verifies your creditworthiness? This is not the case always as this kind of letter is usually issued by the third party to give a guarantee for the payments of the sold products and services. This is possible only when the sender provides all the relevant documents. The banks and the financial institutions usually issue this kind of letter.
Under rare circumstances, such a letter is issued by a financial institution like insurance companies or mutual funds. The credit deletion letter is written to a company having pending bill payments, and this is the main reason why the lender has to undergo deletion of the payment. Credit deletion letter is written to someone with unresolved bill payments and because of which lender has to practice the deletion of payments.
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Credit Deletion Letter Writing Tips
- Always use polite language, make sure you use simple wordings.
- Mention everything in detail like the amount due, other references, overdue period etc.
- Mention whether the concerned person usually pays the bills in time then it is going to result in positive accounting records of the individual in the bank. Also, mention one important thing that it will help the person improve the reputation.
- This is an official letter and thus needs to be professionally written.
Credit deletion letter template.
Use our free credit deletion letter to help you get started. If you need additional help or more examples check out some of the sample letters below.
From,
_________,
_________,
_________.
Date: _____________.
To,
_______,
________,
________.
Subject: Credit Deletion Letter.
Dear Sir/Madam,
This letter is being written to you with respect to the previous recovering bill letters which have been sent by you to the bank so as to get the payment of the outstanding bills. As of today, we are making you aware of the management committee resolution, regarding the same. The policies say that the old bills that are pending need to be cleared at the soon to avoid any legal actions. Your remaining payment of Rs. _______(mention the amount) has not been paid for the last two years. So, the management informs you that they are deleting this amount of Rs.________(mention the amount) from their reports related outstanding bills.
It would be great if you could clear the payment before DD/MM/YYYY. If you make the payment within the said date, then it can have a positive impact on your credit rating. Also, it will help you maintain a good credit record with the financial institution or bank.
Thanking you.
Yours sincerely,
__________(name and signature)
__________(Bank name and designation
Credit Deletion Letter Sample
From,
Alisha Bose,
Branch Manager,
National Bank,
Mira Road,
Mumbai.
Date: DD/MM/YYYY
To,
Nishant Rajan,
3/ 13 ,Tulip society,
Mira Road,
Mumbai.
Subject: Credit deletion letter.
Dear Sir,
This letter is being written to you with respect to the previous recovering bill letters which have been sent by you to the bank so as to get the payment of the outstanding bills. As of today, we are making you aware of the management committee resolution, regarding the same. The policies mention that you need to pay the outstanding amount before the DD/MM/YYYY. The outstanding bill amount is Rs. 2,00,000 and has not been cleared for six months. The management informs you of the credit deletion, and we request you to make the payments before the above-mentioned date.
However, we would like to tell you that it will be really good if you clear the said payment.
It will be good for you as your credit rating is going to enhance. This will also help to maintain a good record with the bank.
Thanking you.
Yours sincerely,
Alisha Bose.
Email Format
This format is to help you to write the credit deletion letter.
To: name@email.com
From:name@email.com
Subject: Credit deletion letter.
Dear Mr./Mrs./Ms._________(name of the recipient),
Dear Sir,
This letter is being written to you on the previous recovering bill letters which have been sent by you to the bank so as to get the payment of the outstanding bills. As of today, we are making you aware of the management committee resolution, regarding the same. The policies mention that you need to pay the outstanding amount before the DD/MM/YYYY. The outstanding bill amount is Rs. 2,00,000 and has not been cleared for six months. The management informs you of the credit deletion, and we request you to make the payments before the date mentioned above.
However, we would like to tell you that it will be really good if you clear the said payment.
It will be good for you as your credit rating is going to enhance. This will also help to maintain a good record with the bank.
Thanking you.
Yours sincerely,
__________(name of the sender)
__________(designation of the sender).