Past Due Receivables are the biggest threat to a company's accounts receivables. To dodge this threat, collectors must develop an effective demand draft that either identifies the cause of late payments or demands immediate full payment. How, as a collector, are you drafting your collection strategy amidst this havoc?

To safeguard your company's working capital, you must devise the best demand letter scripts that would help you fetch full payment despite the legal consequences. To maintain a positive relationship with consumers, it is expected that these demand letters be written in a tone that is both polite and assertive. It takes a lot of manual back and forth for a collector to draft the letters and have them reviewed.

To help you cut down on manual redundant tasks, we have curated the best-in-class demand letter template to ask for a solid explanation of why the payment was made partially. Leverage this ready-to-use template and get started on your collections A game. 

Key Takeaways:

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  Letter to Your Customer's Finance Controller for Escalating the Issue

• Letter Requesting an Explanation for Delayed Payments of Invoices