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Collections Demand Letter Template

Make collections a seamless process by drafting an effective demand letter. Collect unpaid dues while maintaining healthy customer relationships.

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About this course

description
lessonOverview

This is a letter which can be used after you have already contacted your customer several times, sending two or more collection letters and making one or more phone calls.

At some point in the collection process the question must be asked: What can be happening that would prevent your customer from issuing payment?

  1. Do they not have the money to pay the bill?
  2. Are they unwilling to pay the outstanding balance because of a dispute or problem, or perhaps
  3. They have the money and all of the necessary documentation to issue payment, but are holding up payment to minimize cash outflows.

Eventually, it may become more important to collect the unpaid balance than to preserve goodwill with the customer, and this letter can be used in that situation.

 

 

 

 

 

instructor
name title image description Ins
Credit Today; Credit Today.net;      
related
image tag title description link contentType
KPIs and Reporting
Sample Template for Reclamation Demand Letter
Best practices and downloadable demand letter to reclaim any goods delivered in the period immediately prior to the bankruptcy filing.
https://academy.highako.com/template-reclamation-demand-letter
video
Deductions Resolution
Exploring Different Payment Alternatives for a Better Cash Flow
Collections Analyst course on Payment Alternatives that can be used nowadays for faster and a more secure payments.
https://academy.highako.com/exploring-different-payment-alternatives-for-a-better-cash-flow-course
video

 

About this course

description
lessonOverview

This is a letter which can be used after you have already contacted your customer several times, sending two or more collection letters and making one or more phone calls.

At some point in the collection process the question must be asked: What can be happening that would prevent your customer from issuing payment?

  1. Do they not have the money to pay the bill?
  2. Are they unwilling to pay the outstanding balance because of a dispute or problem, or perhaps
  3. They have the money and all of the necessary documentation to issue payment, but are holding up payment to minimize cash outflows.

Eventually, it may become more important to collect the unpaid balance than to preserve goodwill with the customer, and this letter can be used in that situation.

 

 

 

 

 

instructor
name title image description Ins
Credit Today; Credit Today.net;      
related
image tag title description link contentType
KPIs and Reporting
Sample Template for Reclamation Demand Letter
Best practices and downloadable demand letter to reclaim any goods delivered in the period immediately prior to the bankruptcy filing.
https://academy.highako.com/template-reclamation-demand-letter
video
Deductions Resolution
Exploring Different Payment Alternatives for a Better Cash Flow
Collections Analyst course on Payment Alternatives that can be used nowadays for faster and a more secure payments.
https://academy.highako.com/exploring-different-payment-alternatives-for-a-better-cash-flow-course
video