Collection Letter Before Sending to Agency

Description: This letter is used to demand overdue payment from a seller to buyer. The letter warns that if the seller does not receive payment within a certain number of days, they will refer to the matter to a collection agency which can damage the buyer’s credit rating. This letter can be customized to fit the needs of the parties by stating the amount due, the number of days granted before referral to a collection agency, and the name and address of the parties. This letter is ideal for small businesses or other entities who wish to demand payment for overdue debts.