Apology Letter for Late Payment

• SHARE
• 
• 
• 

Both businesses and individuals can send an apology letter for late payment. If you miss a payment for services rendered, a loan, rent, utilities, or anything else, a letter can help to fix any ensuing problems. Although larger companies may not have the same opportunity to really appreciate a letter, smaller companies will definitely value the gesture, and it will help you to be able to continue your business together in a positive manner.

Format and Content

When you write your letter, you should always include a few important things in the content. You should express your sincerest apologies and take responsibility for your actions. Furthermore, you should discuss how much you appreciate doing business with the company. They will also appreciate knowing what you are doing to ensure you will not miss another payment in the future. The apology letter for late payment format should include the full address of both you and the company, along with the letter written in a formal manner.

Sample

When Mike was late on the payment for his new tractor, he wrote this apology letter for late payment to the company. He normally never missed a payment, but because he had written a check for maintenance in the same month, he thought he had already paid his bill. After explaining the situation through his letter to the company, they forgave him the late payment fee because he was such an outstanding borrower.