June 15, 2007, Newsletter Issue #93: Letter for Receiving Partial Payment

Tip of the Week

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.

Creditor Company (or name of business)

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