When it comes to recovering unpaid debts, verbal altercations and threats are ineffective and unenforceable. The best course of action for you to collect your money in such circumstances is to have a collection demand letter.

A collection letter should be concise and clear to highlight the potential legal repercussions clearly. Utilizing letterhead is just one minor element that can make the letter seem even more official. 

Once a debt is a past due, collection letters should be sent. Waiting too long between payments can make it difficult to enforce debt payback. This ready-to-use template will help you collect payments with no previous due history.

Key Takeaways:

• Ready-to-use Collections Demand Letter Template With No Previous Due History

•  How to Use an Assertive Tone to Collect Past-Due Receivables

• How to Improve Your Company's Cash Flow