Late Payment Fee Letter Sample

Are you looking for a Late Payment Fee Letter Sample to help you professionally address late payments from clients or customers? You’re in the right place! Below, you’ll find examples of Late Payment Fee Letter Samples that you can use as a template and customize to suit your specific needs.

Addressing Late Payments with Late Payment Fee Letter Sample

Dealing with late payments can be a frustrating experience for any business. Late payments can disrupt cash flow, affect your ability to meet financial obligations, and impact your relationship with clients or customers. Sending a Late Payment Fee Letter can help you clearly communicate your expectations and consequences for late payments, ultimately encouraging timely payments in the future.

Late payments can lead to cash flow issues
They can affect your ability to meet financial obligations
They can strain your relationship with clients or customers

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Example of Late Payment Fee Letter Sample:

Dear [Recipient’s Name],

I hope this letter finds you well. I am writing to address the outstanding payment of $500 for invoice #1234, which was due on [Due Date]. As of today, the payment is [Number of Days] days past due, and we have not yet received payment.

It is important for us to receive payments in a timely manner to maintain our financial stability and continue providing quality services to our clients. As stated in our terms and conditions, a late payment fee of $50 will be applied to overdue invoices. To avoid further charges, we kindly request that you settle the outstanding balance as soon as possible.

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If you have any questions or concerns regarding this matter, please do not hesitate to contact me at [Your Contact Information]. We value our relationship with you and appreciate your prompt attention to this issue.

Sincerely,

[Your Name]

Signature: _______________________