Sample Debt Collection Letters will help your business succeed. Our letters are written by The Stevens-Lloyd Group, Inc. to increase the effectiveness of your collection.
Written letters are highly recommended when a debtor company avoids paying their debt. Our letters are designed to increase your early demand letter success rate. When phone calls to the debtor prove unsuccessful, a well written demand letter is in order.
Your goals are to get the debtor's attention, avoid being ignored, avoid any misunderstandings and get paid in full promptly. When it comes to recovering money on a business debt, the sooner you can get the debtor's attention the better.
When the debtor company avoids paying their debt, well written first and second demand letters are highly recommended. These letters are designed to increase your early demand letter success rate. If your initial phone call to the debtor is unsuccessful, a well written First or Second Demand Letter will help boost your collection rate.
When the debtor company avoids paying their debt, a well written final demand letter is highly recommended by most commercial debt recovery attorneys. In fact, it is even required by some courts before filing legal action.
In your letter, lay out the reasons why the other party owes you money. Be clear and state that if payment is not received by a certain date, you will be left with no other option than to take the matter to court or hand the account over to a professional debt recovery firm.
With the written letter in hand, your claim takes on a sobering reality. The debtor must now face the fact that you have no intention of simply going away but will take the matter before the courts or place your account in the hands of a collection agency.