Sample Debt Collection Letter From Attorney

A Debt Collection Letter From an Attorney is a written document that contains a demand to settle the outstanding debt. Prepared by the lawyer that represents the lender and sent to the borrower, this letter has a purpose to convince the debtor to pay the money back or face a lawsuit. A sample Debt Collection Letter From an Attorney can be found through the link below{class="scroll_to"}.

Follow these steps to complete a Debt Collection Letter:

1. Greet the breaching party and introduce yourself. Tell the reader you are representing the lender - it is recommended to attach a copy of the power of attorney.
2. Indicate the reason for writing the letter - you inform the recipient of their unpaid debt. State the amount of the debt, additional charges, fees, and interest. Refer to the original contract the lender and the borrower have signed and highlight the particular clause that obliges the borrower to settle the debt.
3. Record the deadline and confirm the lender will be waiting for the full payment of the debt by this day. If this does not happen, you will take immediate court action. Be polite yet firm - if it is not the first reminder, mention other letters you have already sent to show you have tried to deal with the problem.
4. Offer the debtor the possibility to reach out to you and discuss the matter further - add your contact details or tell them to call or mail the lender directly.
5. Sign and date the letter. Send it via certified mail to obtain a receipt - this document will be useful as evidence if later the dispute is addressed in court.

Related Letter Templates:

• Debt Collection Letter Template;
• Sample Debt Collection Letter;
• Adverse Action Letter Template;
• Loan Modification Hardship Letter Template.