Credit Account Update Letter
Credit Account Update Letter
[YOUR NAME]
[YOUR COMPANY NAME]
[YOUR COMPANY ADDRESS]
YOUR COMPANY EMAIL]
March 03, 2050
Joseph Younger
3479 Dye Street,
Phoenix, AZ 85016
Dear Mr. Younger,
I am writing to inform you about the recent changes in your credit account with [YOUR COMPANY NAME]. This letter is part of our commitment to keep our customers updated with all relevant changes to their accounts. We have updated our credit terms and it would be critical for you to familiarize yourself with them.
Firstly, the credit limit on your account has been revised and is now set at $20,000. This change came into effect on January 1st, 2051. Also, the grace period allowed for credit payments has been reduced to 20 days after each billing cycle.
Please note, that if the balance is not paid in full by the end of the grace period, interest will be incurred on outstanding amounts at an annual rate of 5%. This also came into effect on January 1st, 2051. We understand that these changes might affect your credit management.
Therefore, I would like to offer a complimentary session with our financial analysts who can help you understand these changes better and plan accordingly. Acknowledgment of receipt and understanding of these changes would be appreciated. Please revert by email or phone call.
We thank you for your continued trust in [YOUR COMPANY NAME] and assure you of our best services always.
Yours sincerely,
[YOUR NAME]
