To,

Terry Cotton

21 Shining Ahead Street

Sin City, California 6908

Dated: 31^st of January 2012

Subject: Collection of your outstanding payment

Respected Mr. Cotton,

This letter is in regards to the outstanding payment on your home loan account number 67890. There have been consecutive defaults for last two months and the amount required to be paid is $4000.

Your last due date was 3^rd of January 2012. We have received no payment from your end for the month of December 2011 and January 2012. We tried to get in touch with you number of times over the contact number provided by you but there was no response. We have already reported your account to the credit reporting agency Trans Union. We may have no choice but to take legal action against you and blacklist your account.

If you want to stop us from taking legal action, we request you to make the payment by tomorrow.

Regards

Nash Brown

Collections Manager

Sydney Bank.