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.