What Your Business Must Include In Debt Collection Letters

If your business is struggling with late paying clients or overdue unpaid invoices, your first official port of call in the debt collection process is to issue a debt collection letter – or a letter of demand. This comes into play when the debtor is overdue with payment.

There are however, other steps you should take first in the process to give the client a chance to pay before the letter of demand comes into play. These include reminder invoices and follow up phone calls, which are gentle reminders that the debt is due and they allow you to continue a good working relationship with the debtor.