Letter One
16th August 2007
Mrs Doreen Smith
Bill Smith Panelbeaters Limted
128 Ponsonby Rd
Ponsonby
AUCKLAND
Dear Doreen,
RE: Outstanding Professional Fees
These days many of our clients prefer to spread the cost of their professional advice over the year rather than pay a single lump sum amount.
To assist these clients we have an arrangement with feesmart whom will provide the funds to settle your account and in turn collect repayments from yourself over a longer period than our normal credit terms would allow - usually six to 12 months.
This payment option may better suit your cash flow. Rather than a lump sum you can instead budget a straightforward monthly installment. There is a once only application fee of $50.00 which is added to the first installment. Further payments are made by monthly direct debit to your nominated bank account. Repayments include an interest component which is disclosed on the documentation. This facility is very competitive (with say your normal bank overdraft rate) and quite straightforward to put in place.
We have enclosed an application with the standard quote for a 12 month repayment. Please contact us if you require any further information.
We now look forward to receiving back either your full payment for fees currently outstanding or, if you prefer, the completed fee funding application.
Yours faithfully
Bean, Counter and Ledger
Mr C Bean
Senior Partner
Letter Two:
Mrs Doreen Smith
Bill Smith Panelbeaters Limted
128 Ponsonby Rd
Ponsonby
AUCKLAND
Dear Doreen,
RE: Outstanding Professional Fees
Please find attached a copy of your outstanding invoice/statement.
As you are aware our firms standard payment terms are strictly fourteen days. This account is therefore overdue and requiring immediate payment in full by cheque, credit card or direct credit to our account as detailed on the invoice.
Alternatively, as a valued client of our firm, we can offer the option of using our feeSmart payment facility. This will mean our account is settled in full by feeSmart Finance Limited, however you are able to spread the repayments over six or twelve months – whichever option suits you best.
Structured repayments are made to feeSmart by monthly deduction from your nominated bank account. Your repayments will include a small administration charge and an interest component which is clearly detailed on the documentation. This facility is quite straightforward to put in place and is an alternative to immediately paying your account as a single lump sum.
For your reference we have enclosed an application for a 12 month repayment period. We now look forward to receiving back either your full payment for fees currently outstanding or, if you prefer, the completed fee funding application.
Yours faithfully
Bean, Counter and Ledger
Mr C Bean
Senior Partner