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The letter states that the full balance is now due and payable and requests repayment within 7 days. It also warns that legal action will be initiated immediately without further notice and clarifies that all legal costs, on an attorney-and-client scale, may be charged if proceedings 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(insert date), which was repayable in monthly instalments of R each, the first payment to have been made on  \n(insert date) and subsequent payments to have been made on or  \nbefore the day of each succeeding month.  \nYou have failed to comply with the terms of repayment in that you have failed to make payment of any amount whatsoever, and the full amount of the loan is now due and owing.  \nI now demand payment of the amount of R (state amount of loan) within 7 days hereof, failing which I will immediately proceed to institute action against you, without any further notice.  \nShould such action proceed, you will be liable for all legal costs incurred, on a scale as between attorney and client.  \nYours faithfully  \nPrint Name Signature  \nContact number/s:","cbCaiiq0pAqOnuRq","https://ap.wps.com/l/cbCaiiq0pAqOnuRq","pdf",509160,"English","# Letter of Demand Details\n## Loan Amount and Repayment Schedule\n## Payment Demand and Legal Costs","[{\"question\":\"What information should be filled in for the loan amount and repayment schedule?\",\"answer\":\"Enter the loan amount, the date the loan was made, the monthly installment amount, and the exact dates of the first payment and subsequent due dates.\"},{\"question\":\"How long does the recipient have to repay after receiving the demand letter?\",\"answer\":\"The letter demands payment within 7 days from the date of the letter.\"},{\"question\":\"What happens if the recipient does not pay within the stated time?\",\"answer\":\"The letter states that the sender will immediately institute action against the recipient without further notice, and the recipient may be liable for all legal costs on an attorney-and-client scale.\"}]","Letter of Demand - Outstanding Loan - demand payment within 7 days | PDF",1789487766]