![]() ![]() The first part of our series looks at the early stages of payment reminders. There maybe a genuine reason for them not paying you and it shows you are on the ball and will not be fobbed off with excuses when it comes to getting paid, even you’re biggest and best clients should understand if you chase them for overdue invoices and you should not be afraid to do this. If you have issued an invoice and one of your clients has not paid this its your responsibility to call them to find out exactly what is going on. Please remember we are all working to make money and a good customer is a paying customer. We thank you in advance for your prompt and immediate attention to this serious matter.Many companies are afraid in the current economic climate to chase their clients for money in fear they may lose them to a competitor. Of note, you may be held liable and be subject to additional fees incurred by Johnson and John Construction in attempt to pursue this debt and take all legal action the extent allowed by local state laws. To avoid damage to your credit rating and ensure you avoid further legal action, please remit payment immediately. If payment is not received within 10 days of receipt of this letter to the address below, we will seek legal action to the fullest extent of the law. The previous agreement, signed and dated on May 25, 2017, has not been complied with, as payment should have been fully finalized by June 15th, 2017. Multiple notifications have been made by mail and contact has been attempted by phone with no response. Please be aware that this amount has reached over 120 days in aging. As of the date of this letter, there is an outstanding balance of your account in the amount of $10,595.00 for services rendered on June 1, 2017, by Johnson and Johnson Construction. This is our last attempt and FINAL WARNING in an attempt to collect your past-due debt. This includes, but not limited to, sending the debt to a collection’s agency and that the balance owed may impact the debtor’s credit report.Īll demand letters should always be sent via Certified Mail with Return Receipt to ensure the debtor received it. Step 5 – Detail the Consequences and SignĪt this point, the creditor should enter the penalties and terms that should happen if payment is not made. In addition, if the debtor is living paycheck to paycheck, is best to have an installment plan ($/week or $/month). The basic approach is to enter how much is owed followed by a discounted amount if the debtor pays within a specific timeframe. Step 4 – Enter the Payment OptionĮnter the payment options (select as many as desired). Step 3 – Complete the Debtor’s DetailsĬomplete the details of the Debtor by mentioning their name, when the balance is due, and what the balance is in regard to. ![]() If there is any evidence of the amount due, such as an invoice, it should be attached. Note that any taxes, interest or penalties should be totaled into one sum. The amount due by the debtor should be included in the Final Demand Letter. ![]() The date of the letter should also be included. In the header, the company or individual requesting payment should be entered with their contact information. How to Write a Final Demand Letter Step 1 – Enter the Header Information
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