A New York Demand Letter is an official document that states the amount of money owed to a creditor. It is usually sent by a lawyer or a collection agency in order to notify the debtor of the outstanding debt and request payment within a certain period of time. It is an important step in the debt collection process and is legally binding. There are several types of New York Demand Letters, depending on the type of debt owed. A Collection Agency Demand Letter is sent to the debtor by a collection agency that has been hired to recover the debt. This letter will provide the debtor with the details of the debt as well as the amount owed. A Law Firm Demand Letter is sent by a lawyer representing the creditor and will provide the debtor with the details of the debt as well as an explanation of the creditor's legal rights and remedies. A Default Demand Letter is sent by the creditor when the debtor has failed to make payments on the debt. This letter will provide the debtor with the details of the debt and the consequences of failing to make payment. Finally, a Final Demand Letter is sent by the creditor when all other attempts to collect the debt have failed. This letter will provide the debtor with the details of the debt and the consequences of failing to make payment, as well as a final warning that legal action may be taken if the debt is not paid.