When Do You Need a Bad Check Collection Letter?
Your bad check timeline might look something like this:
- You deposit your customer’s check into your company’s account.
- A few days later that check comes back from the bank marked “NSF.”
- Your bank likely charges you a returned-check fee.
At this point, what should you do? Your first step should always be to call the customer. The overdraft could be the result of an unintentional error, so do give the customer the benefit of the doubt, asking whether it’s safe to redeposit the check. If the check goes through, your problem is solved. If not, you’ll need to act quickly to collect the monies due.
Whether you need this letter will depend on how you decide to handle the issue from this point on. If you opt to try collecting the money yourself — before turning the matter over to a collection agency or to your city or county prosecutor — this letter can be the greatest weapon in your arsenal for convincing your customer that covering the amount of the check, as well as any additional fees allowed in your state, would be the smartest move they could make to protect their business’s credit rating and to avoid running afoul of the law.
How Our Bad Check Letter Template & Guide Can Help
Our guide will give you the key strategies you need for preparing and using this letter as an effective part of your overall plan for collecting the monies that are due. In our tutorial, we also tell you what not to do in order to avoid further difficulties collecting the balance due and to help you retain your ability to use your state’s bad check statutes as your ally in the collection process.
Download Our Free Bad Check Collection Letter Guide
When you download our guide, you’ll receive the following four valuable tools:
- Information and guidance for creating your letter
- Bad Check Collection Letter sample demonstrating the process
- Legal summary and charts listing each state’s bad check laws
- Fully editable Bad Check Letter template in MS-Word
It always pays to be “in the know” whenever you’re dealing with any legal process, and this one is no different. So, be sure you have this valuable Bad Check Letter guide nearby before you begin writing your letter. It may just help you collect without having to involve a debt collection attorney or criminal prosecutor at all.
Browse Our Other Four Collection Letter Guides
The above guide is just one in our set of five free Collection Letter tutorials. Each tutorial focuses on a different commercial debt collection issue and helps you create an effective letter to resolve it. Check them out today, and be ready when you need them.
At Stevens & Ricci, for two decades we’ve been helping businesses like yours Collect Money Sooner, at Lower Cost, and Without Losing Valued Customers. Our free collection letter guides can help your company do the same.