Sample Collection Letter For Past Due Accounts

State:
Illinois
Control #:
IL-17045B-MH
Format:
Word; 
Rich Text
Instant download

Description

Collection Letter by Contractor: This is a general collection letter sent to a Debtor by a Contractor. It states that the account is past due, and services by the Contractor have already been rendered. Further, it details the actions to be taken if the Debtor continues to not pay on the open account. This form is available in both Word and Rich Text formats.
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FAQ

What should a late payment letter include?your company name and address.recipient's name and address.today's date.a clear reference and/or any account reference numbers.the amount outstanding.original payment due date.a brief explanation that no payment has been received.More items...?

Collecting Past-Due Accounts ReceivableStart with a courtesy call or e-mail. A friendly reminder call or e-mail during the first week after the account is past due is usually appropriate.Consider a payment plan.Send a past-due notice.Send a final notice.Hire a professional.

How to Write An Effective Collection LetterReference the products or services that were purchased.Maintain a friendly but firm tone.Remind the payee of their contract or agreement with you.Offer multiple ways the payee can take action.Add a personal touch.Give them a new deadline.

A debt collection letter should include the following information:The amount the debtor owes you.The initial due date of the payment.A new due date for the payment, whether ASAP or longer.Instructions on how to pay the debt.More items...?

Follow these steps in order to write and send an overdue invoice letter:State your reason for contacting them. Start your letter by addressing them by name and with a polite greeting.Provide specific details about the invoice.Offer to resend the invoice.Add your availability to answer questions.

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We're writing to inform you that your account is now 30 days past due. At the present time, your balance is.____(days)___ overdue. Collection Letter for Outstanding AmountDebt Collection LetterPayment Collection LetterCollection Letter for Due AmountFriendly Collection LetterOfficial Collection LetterCollection Letter on CompanySchool Fees Collection Letter Example: Dear Paul,. We would like to inform you that your account with us now appears as past due. How to Write a Past Due Notice Letter?

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Sample Collection Letter For Past Due Accounts