- 30-Day Past Due Letter
30-Day Past Due Letter"When someone owes you money, it's smart to collect it in a way that is fair, legal, and which protects everyone by keeping a record. The first formal step to getting paid is to send a 30-Day Past Due Letter. This letter helps you collect the money you're owed by reminding the other party how much they owe you and asking for payment. If it's important to you to be fair and above-board, a 30-Day Past Due Letter is a good way to remind someone they owe you money and to ask for payment. It lets them know that you're serious and that it's a serious matter. A 30-Day Past Due Letter includes the amount owed, when and how it came to be owed, any late charges, and if interest is accumulating. The letter also notifies the person that if they don't pay the past due amount, you can go to court in order to collect the money owed. Using a 30-Day Past Due Letter can also act as proof that you made a request for the money owed."
- 60-Day Past Due Letter
60-Day Past Due Letter"It can be frustrating when someone falls behind on a payment or debt, but it's a smart best practice to use a 60-Day Past Due Letter to make a second demand for the money owed to you. Having a letter on file not only helps protect your rights and obligations, it helps you build a paper trail in case you need to get more legal help with the situation later on.Whether you're a landlord, business, lender, or an individual, you can use a 60-Day Past Due Letter to demand payment for a past-due amount of money. A simple reminder may be enough to get paid the money owed to you, but even if the person still refuses to pay, you can use this documentation of your efforts in court. Your 60-Day Past Due Letter should include details like: who is demanding payment; who owes the money; what the letter is regarding; when the last letter demanding payment was mailed, and how much was demanded (including interest and late charges); how much has already been paid; how much is owed as of this letter; when payment must be made to avoid legal action; how the debtor can contact you; and more. A 60-Day Past Due Letter is meant to be used by businesses, banks or individuals collecting their own debts, so if you're trying to collect a debt for someone else, talk to a lawyer to see if you qualify for an exception under the Fair Debt Collection Practices Act."
- 90-Day Past Due Letter
90-Day Past Due Letter"Someone owes you money, and you've tried to collect itÃ¹but it's been a long time: 90 days. At this point you can demand payment with a 90-Day Past Due Letter. This is likely the third and final notice about the late and unpaid amount you're owed. Usually, the next step is starting a legal proceeding to collect the money due. A 90-Day Past Due Letter is a good way for you to protect yourself and keep everything fair and legal if someone has owed you money for a while. This is especially important if it's been more than three months and you decide to take legal action. A 90-Day Past Due Letter informs the person that legal action may be taken against them if the past due amount is not paid. It warns the debtor that this is final notice for the money owed. It also warns them that legal action could hurt their credit rating. Sending this letter will help establish a record if you decide to go to court to collect the money that's due. It's a record of how many times you've asked for payment from the debtor and the amount that's due. This letter can serve as proof that you requested the money owed and that the debtor didn't pay it."
- Bad Check Notice
Bad Check Notice"Use this letter to provide written notice that a check has not been honored by the bank and to demand payment by the check writer."
- Debt Settlement Agreement
Debt Settlement Agreement"This Debt Settlement Agreement is a contract used to finalize negotiations between debtors and creditors. It defines the amount owed and the date by which payment will be made."