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When someone owes you money, it's smart to collect it in a way that is fair, legal, and which protects everyone by keeping a record. The first formal step to getting paid is to send a 30-Day Past Due... Read more
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Making a 30-Day Past Due Letter
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What is a 30-Day Past Due Letter?
When someone owes you money, it's smart to collect it in a way that is fair, legal, and which protects everyone by keeping a record. The first formal step to getting paid is to send a 30-Day Past Due Letter. This letter helps you collect the money you're owed by reminding the other party how much they owe you and asking for payment.
Use the 30-Day Past Due Letter document if:
- Money is past due and you'd like to request payment
- You want to remind the other person of the amount to pay
- The debtor needs to know that you have the option to go to court to get the money
- You're interested in establishing a record that you asked the debtor to pay
If it's important to you to be fair and above board, a 30-Day Past Due Letter is a good way to remind someone they owe you money and to ask for payment. It lets them know that you're serious and that it's a serious matter. A 30-Day Past Due Letter includes the amount owed, when and how it came to be owed, any late charges, and if interest is accumulating. The letter also notifies the person that if they don't pay the past due amount, you can go to court in order to collect the money owed. Using a 30-Day Past Due Letter can also act as proof that you made a request for the money owed.
Other names for this document: Collections Letter, Letter of Demand, Past Due Invoice Letter
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