Deficiency Balance Letter by Seacraft23

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									September 14, 2009

Name Address City, State Zip RE: Installment Loan No. Dear Customer Name, Because of your delinquency the collateral securing your loan # was voluntarily turned in. The sales proceeds from the private auction held by Name of Company were not sufficient to satisfy your loan obligation. A deficiency balance of $ remains for which you are legally responsible. Balance owing at repossession Accrued interest Late Charge Cost of Repossession & Sale Less sale of repossessed vehicle Deficiency balance due $ $


Kindly remit the $ ; to this office immediately or contact us regarding any other viable options available. Otherwise, the Bank will have no choice but to take further action against you to collect the monies owed. Sincerely,

Collection Specialist Department Name/Company Name Ph#

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