Sample Late Payment Explanation Letter - Improve By Example

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You might even be provided with a longer grace period, which will not adversely affect your credit rating. So, better get your pen and paper and write that late payment explanation letter now.

Surety company, what is that? Well, a surety company, i.e. Fidelity, is a company that insures the bail bonds Van Nuys you will be writing. You have to be appointed by a surety company either directly or indirectly if you are going to write bail bonds. Indirectly is by being employed by a "General Agent" or owner of a bail bonds company, and directly if you are going to work directly with a Surety company. The only way you'll be able to get licensed and directly work with a surety company is if you have quite a bit of experience in this industry to begin with. No surety company will back you if you don't have any experience writing bonds, too much risk.

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Plans for resolving your debts - You should provide your concrete plans for paying off your debts in the future especially where the company is concerned. You need neither be too personal nor too detailed with your plans. Just as long as you can reassure the company that you have every intention of paying them, then it is often sufficient for the moment. Again, tell them the truth as far as you are concerned. For example, you can tell them that you are planning to sell some of your assets in order to generate the funds to pay off your debts.

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