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Debt Collection Letter

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Debt collection can be tricky.   If you are a creditor, you will find the following three sample demand letters very helpful.   These letters are intended to be a starting point and should be tailored to fit your particular circumstance.   Keep in mind that some claims must be brought within a specified period of time.   You should seek the advice of an attorney to determine if you have a valid claim or if you are unable to collect the debt yourself.

INITIAL COLLECTION LETTER

Dear _____:

This letter is a friendly reminder that payment on your account in the amount of $________ on your account was due on ________.   If you have already sent us your payment, kindly disregard this letter.   If not, please send us your payment promptly.

Yours truly,

FOLLOW UP COLLECTION LETTER

Dear _____:

This is our second reminder that payment on your account in the amount of $________ on your account was due on ________.   We value your business and hope to keep you as a customer.   However, we do require payment according to the terms of our invoices.   Please send us your payment promptly.

Yours truly,

FINAL DEMAND COLLECTION LETTER

Dear _____:

This is our final reminder that payment on your account in the amount of $________ on your account was due on ________.   If we do not receive payment in full by _____, we will submit your account for collection.

Yours truly,

Next Steps
Contact a qualified business attorney to help you
address the finances vital to your business.
(e.g., Chicago, IL or 60611)

Help Me Find a Do-It-Yourself Solution