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[FREE] Template: First Demand Letter for Past-Due Receivable (Under $ 500)

Use this free template for a first-demand low balance letter to ensure prompt payment.

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About this course

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lessonOverview

There are two main goals of a First Demand Low Balance collection letter. Naturally, collecting full payment comes first. The second is to make a firm request for quick payment. Your demand letter must express your request and the seriousness of the problem clearly. 

Even the best collection letters cannot guarantee the collection of overdue receivables, so it is important to keep these two goals in mind. This is a ready-to-use first-demand low balance letter template that will help you collect past dues. 

Key Takeaways:

  • Use of the First Demand Low Balance (Under $500) Letter
  • Learn How to Make a Clear Demand Using an Assertive Tone 
  • Be on the Top of Your Collections Game by Leveraging the Ready-to-use Letter Template
instructor
name title image description
ROBERT SHULTZ Founder, Quote to Cash Solution This template has been created by Robert Shultz. With an immense experience of over 30 years as a global credit and financial executive for large multinational companies. Robert also provides consulting services in all aspects of the credit and collections process for companies of all sizes in a variety of industries. He is one of the founding partners of Quote to Cash Solutions.
recommendation
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Collections Prioritization Negotiations 101 for Collectors Watch this beginner’s tutorial to understand how to proactively prepare for collection call negotiations by deciding your goals, trade-off, and alternative strategies while anticipating your customers' behavior. https://academy.highako.com/collections-call-negotiation 70 Mins
Collections Prioritization Effective Collection Call Negotiation Techniques Watch this tutorial to understand the pros and cons of different collectors' behaviors, negotiation styles, and approaches. https://academy.highako.com/effective-collection-call-negotiation-techniques 120 Mins

About this course

promoImage
description
lessonOverview

There are two main goals of a First Demand Low Balance collection letter. Naturally, collecting full payment comes first. The second is to make a firm request for quick payment. Your demand letter must express your request and the seriousness of the problem clearly. 

Even the best collection letters cannot guarantee the collection of overdue receivables, so it is important to keep these two goals in mind. This is a ready-to-use first-demand low balance letter template that will help you collect past dues. 

Key Takeaways:

  • Use of the First Demand Low Balance (Under $500) Letter
  • Learn How to Make a Clear Demand Using an Assertive Tone 
  • Be on the Top of Your Collections Game by Leveraging the Ready-to-use Letter Template
instructor
name title image description
ROBERT SHULTZ Founder, Quote to Cash Solution This template has been created by Robert Shultz. With an immense experience of over 30 years as a global credit and financial executive for large multinational companies. Robert also provides consulting services in all aspects of the credit and collections process for companies of all sizes in a variety of industries. He is one of the founding partners of Quote to Cash Solutions.
recommendation
image tag title description link duration
Collections Prioritization Negotiations 101 for Collectors Watch this beginner’s tutorial to understand how to proactively prepare for collection call negotiations by deciding your goals, trade-off, and alternative strategies while anticipating your customers' behavior. https://academy.highako.com/collections-call-negotiation 70 Mins
Collections Prioritization Effective Collection Call Negotiation Techniques Watch this tutorial to understand the pros and cons of different collectors' behaviors, negotiation styles, and approaches. https://academy.highako.com/effective-collection-call-negotiation-techniques 120 Mins