[Your Name] [Your Address] [City, State ZIP Code] [Your Email Address] [Your Phone Number]
[Date]
[Debtor’s Name] [Debtor’s Address] [City, State ZIP Code]
Dear [Debtor’s Name],
I am writing to inform you that despite our previous correspondence and requests for payment, the outstanding debt of [$amount] that is currently owed to [Your Company Name] remains unpaid. This debt is related to [invoice/account/loan number].
I have made several attempts to contact you and to reach a mutually acceptable solution, but to no avail. I regret to inform you that I have no other choice but to take legal action to recover the debt.
Please be advised that I have instructed my attorney to take legal action against you in order to recover the debt. You will be notified by my attorney regarding the specifics of the legal action.
I would like to remind you that legal action can result in additional costs and may have a negative impact on your credit rating.
Please do not hesitate to contact me or my attorney if you have any questions or need help to make arrangements for payment.
Sincerely,
[Your Name] [Your Company Name]
It’s important to note that this is just an example, and you should consult with a legal professional before sending any letter regarding a debt collection. Also, it’s important to consider the local regulations and laws regarding debt collection, as they may vary from one place to another. It’s also important to mention that before proceeding with any legal action, the creditor should have exhausted all other means of collecting the debt such as sending reminders, making phone calls and negotiating payment plans.
Views: 51