Slow Payments - Termination of Credit Terms

Dear _____________________,

Because of the extreme slowness of your payments over the past two years, we can no longer extend credit to you. We have discussed this time and time again, but to no avail. Starting today, all sales will be cash-with-order.

We will be happy to continue serving you under these conditions. You can expect the same quality of merchandise and same fast service - and our super fast emergency service.

We do expect you to make regular payments on your present balance. Appropriate collection or legal action will be taken if your delinquency continues.

Sincerely,