A Demand Letter for Payment is a written final request for money that is owed by a debtor. The demand is concise, firm, and clear. The Demand for Payment Letter typically includes a deadline for the money to be paid and an incentive for making the payment on time. This incentive can be positive or negative. For example, a positive incentive is a discount and a negative incentive is a threat to send the payment to collections or take the matter to court. The purpose of the incentive is to motivate the debtor to settle their debt.
A sample Demand Letter for Payment can be downloaded below.
Though there are many reasons why writing a Demand Letter for Payment is necessary, all letters require attention to detail, professionalism, and thoroughness.
Pressing the PRINT button will only print the current page. Download the document to your desktop, tablet or smartphone to be able to print it out in full.