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The Debtor Confirmation Letter is a vital document in Australian financial and credit management practices, used to formally document and confirm debt obligations. It is typically employed when there's a need to establish or reaffirm a clear record of debt, such as after debt restructuring, during refinancing, or when formalizing payment arrangements. The document must comply with Australian legislation, including the National Consumer Credit Protection Act 2009, Privacy Act 1988, and relevant state laws. It serves multiple purposes: providing legal protection for creditors, ensuring clarity for debtors about their obligations, and creating an official record that can be used for future reference or legal proceedings. The letter includes essential information such as debt amount, payment terms, interest rates, and parties' details, making it a comprehensive record of the debt arrangement.

1. Letterhead and Date: Creditor's business details, ABN/ACN, and current date

2. Recipient Details: Debtor's full name and address

3. Reference Information: Account/loan numbers, customer reference numbers, and any other relevant identifiers

4. Debt Acknowledgment: Clear statement of the total debt amount and acknowledgment of the obligation

5. Debt Details: Breakdown of the principal amount, interest, fees, and charges

6. Payment Terms: Agreed payment arrangements, including payment schedule if applicable

7. Interest Rate Declaration: Current applicable interest rate and how it's calculated

8. Contact Information: Creditor's contact details for queries or payments

9. Signature Block: Space for debtor's signature, name, and date of signing