July 27, 2007, Newsletter Issue #98: Notice of Dishonored Check

Tip of the Week

"For debtors who paid with checks that have resulted in a dishonored check or NSF check, send these type of debt collection letters:
Date:
To:

Your check in the amount of $_________ and dated __________ has been dishonored by your bank due to insufficient funds. We have verified with your bank that this amount still cannot be presented against your account and paid in full. Unless we receive payment for said amount within _______ days (or such further time as may be allowed pursuant to state law), we shall have no other choice but to commence appropriate legal action to recover payment from you.

Sincerely,
Name of Business"

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