Dear Visa Cardholder,

I am writing to inform you that you have reached the maximum balance of $5,000 on your Visa card. It is our policy that once a cardholder reaches this amount to work with the client to set up a plan for repayment. Currently, your interest rate is a 15% annual rate compounded monthly. We ask that you propose how you are going to pay your debt in a reasonable manor. Please include at least three different payment plans for us to choose from with a comparison of the total amount of money paid back to us at the end of the agreement. If none of the plans are acceptable to us, please be aware that legal action will be pursued. Thank you for your business and we look forward to continuing a relationship with you.

Sincerely,

First Bank Visa