February 10, 2008 DearSir/Madame: Re:
Thisletterwil serveasformalnoticetoyouthat thatyouareindefaultofyourobligati ationtorepay thesum of which was loaned to you on plus interest in the amount of . The totalamount of is now overdue and you yo u have ha ve fail fa iled ed to repa re pay y the th e same sa me desp de spit ite e repe re peat ated ed requ re ques ests tsfforpayment by our us.Unlesspayment of the above amount is received by us in full within ten(10) days of the date of this letter, we wil have noalternative but toexercise whatever rightsand remedies wehave under the lawtoenforcesuch payment, incl ncluding ngbut not limited toinstitution of legal proceedingsa gsagainst you to recover the above amount, together with accrued interest and legal expenses.Kindly govern yourselfaccordingly..Your Yourstruly,
Sample Final Demand Letter FINAL DEMAND “CERTIFIED “CERTIFIED MAIL” (or) “RECEIPT RECORDED FAX” March 30, 2009 Contact Company Name Address City, State, Zip Re: Invoice Date Amount 23543200 7/26/09 1,417.47 - PO# _______ Interest to Date: 26.93 TOTAL NOW DUE: 1,444.40 Dear Mr./Ms. Customer: The purpose of this letter is to notify you that despite numerous efforts to obtain final payment for the above invoice, I have been unsuccessful and must now accelerate collection efforts in accordance with the terms and conditions or our original agreement dated and signed by you on . (If the customer did not sign an agreement, leave this part out) Please refer to your your copy of our agreement. agreement. It clearly states the the following: (Sample Heavy Language – pull something like this from one of your agreements) 6. Default: “Purchaser shall pay for expenses of Seller in enforcement of remedies including reasonable attorney’s attorney’s fees and other legal expenses. All overdue payments payments shall bear interest at 1½ % per month until paid in full…” In accordance with this provision, your total amount due on the attached invoice is now $ .
This includes interest to [date] only. Interest will continue to accrue until date of payment. If we do not receive this payment by [date], we will, at our option, pursue this matter in County Justice Court or forward this account to our corporate collection agency, in which case your company will be reported to the major business credit reporting agencies. This action will affect your company’s credit rating. We may also report this to the I.R.S. as Debt Cancellation Income under I.R.S. Reg. S1.61-12 if payment is not received. We request payment of the above by . Thank you in advance for your prompt attention to this matter. Sincerely, Your Name Your Title Encl.
DEMAND FOR PAYMENT, STRONG TONE [Date]
[NAME, COMPANY AND ADDRESS, ex. Tom Atkinson COMANY Inc. 14 Edith Street, Hackney West, ZIP POST CODE] This letter will serve as formal notice to you that you are in default of your obligation to repay the sum of [AMOUNT OWING, ex. $5,000.00] which was advanced to you on [DATE OF ORIGINAL ADVANCE, ie. January 1, 1996]. This amount has been overdue since [DATE OF MATURITY TO PAYMENT OBLIGATION, ex. April 30, 1998] and you have failed to repay the same despite repeated requests for payment by our us. Unless payment of the above amount is received by us in full within ten (10) days of the date of this letter, we will have no alternative but to exercise whatever rights and remedies we have under the law to enforce such payment, including but not limited to institution of legal proceedings against you to recover the above amount, together with accrued interest and legal expenses. Kindly govern yourself accordingly.
Yours truly,
[YOUR NAME, ex. Tony Montana
