This type of letter is generally written by the creditors to their debtors who have taken loan from them for their personal use or for a new business.
Collection Letter-The collection of the account receivables is the main concern of the businessman. In business operations, realizing payments from debtors
Pending Payment Letter-This type of letter is written to the client or customer who has not made the necessary payment. It is one of the subtle ways to remind the client or customer about the pending payment.