This letter is to provide an explanation for the late payment of a debt. It is important to be honest and sincere in this letter, as it will help to build trust between the parties involved. This letter should include details about why the payment was late, any steps taken to rectify the situation, and an assurance that future payments will be made on time. Additionally, it is important to express regret for the inconvenience caused by the late payment.
How to Write an Effective Late Payment Explanation Letter
[City, State, Zip Code]
Dear [Recipient Name],
This letter is to explain the late payment of my [type of bill] bill for the month of [month]. I understand that this payment was due on [date], and I apologize for not making it on time.
The reason for the delay was [reason for late payment]. I take full responsibility for the late payment and assure you that it will not happen again. I have already taken steps to ensure that I am able to make payments on time in the future.
I understand that this late payment may have caused inconvenience to you and I apologize for any trouble it may have caused. I would like to request you to kindly consider this as an isolated incident and accept my apology.
Thank you for your understanding and patience.
What to Include in a Late Payment Explanation Letter
I am writing to explain the late payment on my account.
The reason for the delay was [reason]. I understand that this is not an acceptable excuse and I apologize for any inconvenience caused.
I have now taken steps to ensure that all future payments are made on time. To demonstrate my commitment, I have set up a direct debit to cover the remaining balance of my account.
I appreciate your understanding in this matter and I look forward to continuing our business relationship.