Cancellation of Credit Line Template

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CANCELLATION OF CREDIT LINE

[DATE]

Dear [RECIPIENT NAME],

I am writing this letter to notify that I have been tasked to conduct a review regarding your account, which has been past its due date that was [DUE DATE]. You have been one of our most loyal and valued customers for quite some time now and hopefully, this lack of payment is just an error as we would regret to lose a customer like you.

However, we must also take some reasonable action concerning this matter so we are giving you [NUMBER] days to send us your payment. If you still do not receive a payment within those days then I shall have no other option but to recommend the cancellation of your current credit lines with our company to our management.

If you sent your check via mail, please disregard this notice. If not, please inform us of any dispute that might explain your lack of reply. We hope to hear from you soon.

Regards,

[YOUR SIGNATURE]

[YOUR NAME]