A debt recovery letter or late payment letter is a letter to remind your client or customer that they owe you or your organisation. It sets out the details of the debt such as the date the debt owed... ... Read more
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How to Make a Debt Recovery Letter
A debt recovery letter or late payment letter is a letter to remind your client or customer that they owe you or your organisation. It sets out the details of the debt such as the date the debt owed should have been paid, whether interest is payable in the debt and a reminder that if the payment is not settled a legal action may follow.
Make sure you follow the right first step in order to recover a debt that is owed to you or your organisation with this debt recovery letter template. By using a payment reminder letter you can feel assured that you have formally reminded your client or customer to make payment.
Use this debt recovery letter:
For more information, read Recovering debt.
This late payment letter covers:
You need this letter when your client or customer is late with a payment and you want to commence a formal procedure for the collection of debt. This letter will remind your customer to pay the debt and ensure that your debtor knows the consequences of not settling the payment. These include late payment interest charges (if it is a business transaction) and/or a threat of legal action.
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