Demand Letter Samples
A demand letter is often the first step in the collection process for slow to pay or non-paying accounts. It also sends an unambiguous message to those customers – this matter is serious and it needs to be resolved now. Sending a demand letter also indicates that you wish to resolve the dispute, preferably without the need for litigation, although that may be necessary if the demand letter does not result in action (the customer paying their delinquent debt).
What Is a Demand Letter?
A demand letter can act in many ways. It is a formal way to open a discussion between your business and delinquent client. It is a sign that you are very serious about settling the situation, and it is an opening in the dispute resolution process.
As such, the demand letter should include several things, such as the date of the purchase, details of the purchase, the purchase price, the original due date, and information about any attempts to collect on the debt before the issuance of the demand letter.
Is a Demand Letter the Same as a Collection Letter?
Demand letters and collection letters are often thought of as the same thing, but they are actually distinct from one another. A collection letter is specific to financial collections, whereas a demand letter can be used in many different situations, including settlement discussions (as opposed to attempts to collect on late payment). So, technically a collection letter is a type of demand letter, but there are many other types, as well.
To get your sample Demand Letter today, just fill out the form at the top right of this page
First Demand Letter
The entire point of a demand letter is to let the recipient know that you are serious about the matter and that further action will be taken if a resolution cannot be reached. It’s about grabbing their attention. However, it can be challenging to communicate that message on the first try.
Our first demand letter sample helps ensure that you’re able to achieve that goal quickly and easily. We use a surprisingly simple formula to increase your early collection rates and reduce the amount of time and money you would otherwise spend communicating with delinquent customers.
To get your sample First Demand Letter today, just fill out the form at the top right of this page
Final Demand Letter
Once upon a time, business owners only had two options when it came to dealing with very stubborn debtors. They could let them go, which wasn’t fair to the business, or they could take them to court, which was very time-consuming and expensive. Today, there’s a third option – a demand letter for payment.
A final demand letter is issued at the end of the negotiation process and is a powerful solution when a customer simply won’t pay their invoice. In fact, our final demand letter sample results in payment in one-third of all uses without the business having to go to court.
A successful demand letter requires several things to be effective. It must have the right wording, of course, but it also needs to arrive at the right time and be sent to the right person. Anything less could result in the letter being ignored or, worse, tossed in the trash. We help you craft powerful, successful final demand letters that get results.
To get your sample Final Demand Letter today, just fill out the form at the top right of this page
Debtors Exam Demand Letter
While most customers will eventually pay their debt given the right incentives and the use of carefully crafted demand letters, that’s not always the case. In some situations, you may come to feel that negotiations are pointless and there’s simply no way to collect on the debt. You may feel that your only two options now are to call it quits or to bring in a collections agency or business collection attorney.
There’s one last thing you should try. A debtors exam letter can put considerable pressure on your nonpaying customer or other debtor and convince them to pay. Our sample letter will be completely unexpected and impossible to ignore because it requires them to reveal many of their assets in a court of law. Given the choice between that and paying the debt, most will take the less costly path and pay what they owe.
To get your sample Debtors Exam Letter today, just fill out the form at the top right of this page
IRS Advantage™ Letter
Few organizations compare to the IRS when it comes to financial matters. Now you can use that power in your quest to get non-paying clients or customers to pay their debts. The IRS Advantage™ letter is possibly the most advanced demand letter you will ever send, and it’s designed to induce action quickly.
Countless businesses have used this demand letter to reduce their costs and improve their ability to collect on slow and non-paying clients by 50% or more. With the IRS on your side, it has never been easier to eliminate lies and falsehoods and ensure that your customers are encouraged to pay their debts in full, quickly.
To get your sample IRS Advantage™ Letter today, just fill out the form at the top right of this page
Bad Check Letter
Checks are not as commonly used today as they once were, having been superseded by credit and debit cards. However, checks are still used and they still bounce, so it’s essential that business owners have access to this specialized demand letter. Bad check situations can be even more complicated than other late payment scenarios, making it important to know what steps to take before you find your business stuck in this situation.
Our bad check letter eliminates the costs of hiring a third party to collect on debts and dramatically reduces the amount of time required, as well. Carefully crafted to motivate your customers, it’s a powerful tool that you need on your side.