Collection Letter Sample 5

Collection Letter

DEMAND ON PROMISSORY NOTE

(your name)

(street address)

(city, state, zip)                     

Date__________________

To:

______________________________

______________________________

______________________________

Attention: _____________________

This is to advise you that you are in default under the terms of the promissory note dated  _________________, for failure to make the payments due thereunder of _________________.

The total amount due for those payments is $___________.  It is important that full payment be received on or before ten (10) days from the date of this letter, or the term for payment of your indebtedness will be accelerated and the entire principal balance and any unpaid interest will become immediately due and payable.

As you are aware, the terms of the promissory note provide that interest accrues, from the date of default, at the highest rate allowable by law, and you are liable, upon default, for all costs and reasonable attorney's fees incurred in the collection of this debt.

If necessary, legal action will be taken to enforce payment of this promissory note.   Please make the above payments to avoid any further collection action.

Sincerely,

(name)

(title)                                                                   

(phone)                                               

Collection Letter Sample 2

Collection Letter

(your name,

street,

city, state, zip)

(date)

(name

street

city, state, zip)

___________________

Dear ____ (name):

____ (time period), just ____ (time period) is the time our legal department tells us we should extend your open account.  After that time -- ____ (date) -- our legal staff will have to take action to collect the balance on your overdue account.

We have repeatedly written and phoned your office asking for payment.  We know that you understand, as a businessman, that we can no longer by sympathetic.  We do expect your cooperation.

We expect a payment from you on or before _____ (date).

Sincerely,

(name)

(title)

Collection Letter Sample 1

Collection Letter

(your name,

street,

city, state, zip)

(date)

(name

street

city, state, zip)

Dear ____ (name):

How can we try to persuade you to pay your delinquent account? We have tried many suggestions for extending the payment period, for making the monthly payments smaller, and for getting help from lenders.  Now we have exhausted our own resources.

We have to seek help from outside our own company.  We have consulted with our attorney and he told us that we have several avenues available to us for collecting our money. We are very uncomfortable with the thought of going to court and, therefore, have decided to extend your credit for ___ (amount of time) -- ___ (number of days).

To avoid legal action, we must have your check for ____ (amount of money) on or before ____, 200__ (date).

Sincerely,

(name)

(title)