A Past Due Notice is a document that an individual or a business can receive if their payment is late. The purpose of the notice is to inform a debtor about their late payment and to urge the responsible party to make a transfer.
Generally, the notice is sent the next day after the payment has been confirmed as due. If a recipient of the document will not act after receiving it they might meet consequences like late payment fees and other applicable types of penalties. A printable Past Due Notice template can be downloaded through the link below.
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