Debt Reminder Letter

Formats:

Overview

Keep on top of credit control by issuing late payment letters as soon as debts become due.

• Polite, Solicitor drafted plain English template.
• Make sure your cashflow remains steady by staying on top of late payments.
• A polite reminder will often result in payment.
• Those that chase tend to get paid first.

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Price £2.95

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Debt Reminder Letter

Whether you are an individual or a business, our debt recovery letters can help you to recover the money you are owed. There are 4 steps to the debt recovery process and the Debt Reminder Letter is the first step that you can take to try to obtain payment.

The court recovery rules are very specific when it comes to late payments and recovery of debt. As the creditor, you must be able to show that you have taken reasonable steps to obtain the payment that you are owed by the debtor before the court will become involved. Failure to follow the proper protocol may result in the court failing to award full reimbursement in your favour.

Our Debt Reminder Letter has been drafted to be polite yet firm. The purpose of the letter is to remind the debtor that they have obligations to fulfil and that you expect payment to be made. It is an encouraging letter to help the debtor to feel comfortable in contacting you. Sometimes a debtor may be embarrassed to contact you to ask for an extension of time so the Debt Reminder Letter can open up communication in this regard.

The Debt Reminder Letter also provides a paper trail and evidence that you are actively trying to resolve the situation.

Using our Debt Reminder Letter

The letter can be customised so that you can amend the terms of repayment to suit your situation.

If you are looking to purchase our Debt Reminder Letter, remember that you can subscribe to our debt recovery section and all of the document templates and ebooks within it for just £9.95 per year.

Associated Documents

Please see the other debt recovery letters in this section which you will need in order to follow the correct procedure for chasing unpaid debts.