Question:
What are some examples of bad debt collection letters?
Bad Debt Collection Letters
Another example of a bad debt collection letter is to design a form with your name, address, phone number, and company logo on it. It would also include the following information:
(Your Company Logo)
RE: Account # _____________________ (Date)
Balance Due: $____________
Minimum Payment Due: $___________
Dear Mr. John Doe:
Your account is now past due. Please send us your payment today. Thank you.
Sincerely,
Creditor Company (or name of business)
(Address)
(Phone)
(Your Company Logo)
RE: Account # _____________________ (Date)
Balance Due: $____________
Minimum Payment Due: $________________
Dear Mr. John Doe:
We have not heard form you in awhile, and we just wanted to remind you that your account is past due. We hope to hear from you soon!
Sincerely,
Creditor Company (or name of business)
(Address)
(Phone)
Letter for Receiving Partial Payment
Another example of a bad debt collection letter is to send a thank you letter for receiving partial payment from your customer. A simple, friendly letter will be alright:
(Address Element) (Date)
Account #_____________________________
Balance Due: $____________
Minimum Payment Due: $___________
Dear Mr. John Doe:
Thank you for your partial payment of $___________, which has been applied to your account. We appreciate your business, and we are certain that sending the wrong amount was merely an oversight. For the record, your minimum monthly payment is $_________. Please send us your check for at least $________ today to being your account up to date. Thank you very much.
Sincerely,
Creditor Company (or name of business)
(Address)
(Phone)
More Bad Debt Collection Letters
Hopefully your letter will yield some results. You should receive the payment or at least a phone call to make payment arrangements. If, however, another week goes by without a check or a phone call, the debtor reaches a new plateau. If a consumer is at the 45-day mark and you have not yet been paid, it is time to up the results a bit. After all, in 2 weeks, they will be at the sixty days past due mark. This time, write a past due debt collection letter and send it via certified mail with a return receipt, evidence that it was received.
(Address Element) (Date)
Account #_____________________________
Balance Due: $____________
Minimum Payment Due: $___________
Dear Mr. John Doe:
Your account is seriously past due! You have not sent us the previous month's payment and, in a short time, another monthly payment will be due. While we appreciate your business, we find your failure to communicate with us disquieting. Please be advised that we cannot consider extending additional credit to you until you have paid off your past-due balance. Please send us your check in the amount of $________ today, or call our office to make payment arrangements. Thank you.
Sincerely,
Creditor Company (or name of business)
(Address)
(Phone)
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