February 15, 2019

XXXX

Thru: Mrs. XXX XXX

Dear Ms XXXX:

We are writing in regard to your outstanding debt in the principal

amount of P50, 000.00, interest not yet included, which had become due
and demandable last June 2, 2016.

You received P 50, 000 in cash from us last January 2, 2016.

According to the terms of our agreement you are expected to pay such
amount in 6 monthly installments at a rate of P11, 700 per month
inclusive of interest starting January 2016 to June 2016.

To our dismay, right after you received the money you cut all your
contact with us. We also found out that the Metrobank ATM card with
account no. 130-3-130-35181-7 that you left with us as collateral was
already cancelled.

I tried to get in touch with you and I even passed by your mother’s
workplace (xxxx) several times in an effort to amicably settle this matter,
but my effort was in vain. I called your cellular number, 09668610234, it
keeps on ringing but you never answered.

Accordingly, we are making our FINAL DEMAND upon you to settle

your debt in the amount of Php 50, 000.00 within THIRTY (30)
days from receipt of this letter. If you will pay the said amount within that
period, we cordially waived our right to claim the interest of your debt.
Otherwise, we will be constrained to file the necessary legal action against
you to protect our interest and will not only demand the interest but
damages as well.

We trust that you will give this matter your prompt and preferential
attention to avoid the expense and inconvenience of litigation.

Attached here is the photocopy of the acknowledgement receipt you

signed last January 2, 2016 and your Metrobank ATM card.

Truly yours,

Xxxx xxxxx