COLLECTION LETTERS
Sample Letter #1:
Final Notice
[Date]
[Customer Name]
[Address]
Dear Mr. Debtor:
We have not heard from you regarding your balance of $_________.
This balance is extremely overdue.
If we do not receive payment in full within (10) ten days of the
date of this letter, we will be placing your account with Xpert Collection
Agency
We urge you to give this matter your immediate attention.
Sincerely,
Joan Allen
Allen's Car Service
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Sample Letter #2:
April 10, 2002
Mike Smith
100 Milford Avenue
Denver, CO 86841
Re: Demand for Payment
Dear Mike:
Our numerous attempts to resolve your long overdue account have been
unsuccessful. As you know, your overdue balance now equals $1,200,000.00
(which includes interest on the overdue account).
Your failure to make payment on your account may prompt us to take
drastic action to collect the account immediately. We are hopeful
that you will act promptly and forward payment of the outstanding
amount as quickly as possible.
Interest will continue to accrue on this past due account. If you
have any questions, please call my office immediately.
Sincerely,
Brett Hansen
President
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Before sending this Final Notice creditors must
know that:
Once such a threat is made, you must follow through
or you will lose credibility and the letter will be ineffective.
This letter requests "payment in full" (PIF), do not accept
payment plans.
This letter could be faxed to demonstrate urgency.
Print this letter out on your own company letterhead and use as a
final demand before sending an account over to Xpert Collection Agency.
Though this is not necessary, some creditors like to give a debtor
one last chance before placing the account with us.
