Draft Letter Of Demand

What are the key tips and tricks to be used when drafting a letter of demand?

1. Know your debtor

The first thing you must do is collect accurate and reliable information about the debtor and the relevant details you will need in order to enforce the debt. These details will include items such as their name, address, phone number, work address and phone number, email and any other information which will assist you to track them down.

2. Know your debt

You should then work out exact what they owe you and the documentation which you need to verify and support the ammmount of the debt owing. Thiw will include the invoices, the contracts you relied on in your commercial dealings with them and any other important documents which outline your commercial relationship.

3. Write

You can then sit down and start writing your letter. Although it is certainly a great assistance to have a letter done as a template which you can purchase from this site,it is possible to do this yourself if you know how. You need to address the debtor in formal terms so as not to give them the impression that you are casual about having the money owed to you paid back. Sure enough if you seem casual about this, you will be treated casually in the time frame for the repayment. Also, try to number the paragraphs and make the writing clear and well organised, bold important information or have a call to action to pay the ammount owing to you. These are all valuable tools for making the document you want to send look more formal and more authoritative and increase the chances that the debtor will be convinced that they should make paying you a top priority.

4. Send

Then you mail the letter to the debtor. It is always a good idea to send it via registered mail and ask for a receipt from when they receive it so that they cannot claim later on that they have not received this piece of mail.

Debt Collection Letter Resources