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Promissory Note Letter of Default
[Mr/Mrs/Ms/Dr] [First Name] [Last Name]
[City] [State] [Zip]
Dear [Mr/Mrs/Ms/Dr] [Last Name]:
Reference is made to a certain promissory note under date of [Date], in the original amount of [$------].
You have defaulted under said note in that the installment due on [Date], in the amount of [$------] has not been paid.
Accordingly, demand is hereby made upon you for full payment of the entire balance on said note in the amount of [$------], including accrued interest to date.
In the event the entire balance is not paid within [--] days, I shall refer this matter to an attorney resulting in additional costs of collection.
[Your Telephone Number]