My Name
My Address
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Debtor Name
Debtor  Address
Debtor City, State Zip Code


August 15th, 2009

Dear Debtor's name:

On January 15th, 2009, you came to me with a request to borrow $1,000.00 to help you get your car repaired.  You stated that you could not get to work without it and if it did not get it fixed you would fall behind on your bills.  You told me that you would have the money but that you just didn't have it all at one time.  The agreement was that you would pay me back $100.00 each month from your paycheck until the debt was paid in full.  We both signed a paper stating the details of our agreement.  While I was hesitant to loan you money, as your friend I felt obligated to help you and at the time felt certain that you would pay me back. 

On February 8th, 2009, I did receive a check from you for $100.00.  However since then I have received no more money from you for over six months.   The few times we've spoken you told me you would be sending payments right away.  Recently you have stopped answering my e-mails and phone calls.  I can only assume that you have no intention in paying me the remaining balance you owe.

Please send me a payment based on our agreement or the balance in full by September 1st, 2009. Otherwise I will have no other choice but to take this to small claims court.  I regret that this loan has damaged our friendship but I am not in a financial position to just let it go.

Sincerely,

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