Legal action letter -1

Regretfully, I am writing to inform you that the amount for repayment of your loan is still unsettled. The last payment I received from your side was two months back. Despite my continuous reminders, you are not returning my calls and not replying to me in writing. This behavior of yours is intolerable and not professional at all.

The agreement we made states if the payment is overdue for more than 10 days, I can take legal action against you. Out of courtesy, I waited for two months but could not hear from you. I am sending you a copy of our agreement along with this letter to remind you of the deed we made.

Moreover, as this letter is the final call, I am sending you copies of all the letters I have sent to you within these two months. If you do not respond to this letter this very letter will serve as proof against you in court. I have already discussed your case with my legal representative, you might hear from him in a day or two he will discuss all the legal processes with you.

If you still want to settle this matter outside the court, please send the amount overdue within 7 days of receiving this letter. Otherwise, you will hear from the court and not from me. The amount overdue is $[x]. The interest on the amount is $[x].

Kindly pay the amount in full or otherwise, the fees of the legal representative and court charges will be also added to the principal amount. I would advise you to settle this matter within this week or else you know the repercussions.

Kindly let me know your decision by giving me a call on my number [x] or write to me at [x]. Awaiting your quick response.

Regards,

Legal action letter -2

Despite my continuous calls and reminders, your payment is still unpaid. In our last telephonic conversation, you assured me to pay the amount within a week. Out of courtesy, I waited for an extra week but still, there is no response from your side.

I wanted to remind you that when I lent you the loan e signed an agreement which holds legally binding to both of us. The agreement clearly states that legal action can be taken against you if the payment is overdue. I am coping the exact clause of the agreement:

“If the payee will not return the amount till 20th October 20xx, a legal action can be taken by the lender after a week of the due date.”

It is my final call to you to settle the payment or else legal action will be taken against you. Your case is already discussed with my legal representative, he will contact you within this week to guide you about the legal process.

In case you want to settle the matter outside the court, you may contact me within two days on my number [x] or write to me at [x]. Otherwise, next, you will hear from the court instead of me. I will not only forward your case in court but also will publish the notice of court in all the major journals of trade and business.

Awaiting your quick response.

Regards,