How Do You Write a Demand Letter for Payment
Our debt collection law firm receives many calls from potential client’s inquiring on the best way to write a letter demanding payment. When writing a letter that demands payment of past due invoices or a demand letter for services rendered, it is important to identify clearly in the letter that if payment arrangements are not made by your customer, you would strongly consider further legal action to attempt collection. Demand letters for payment also serve as an initial attempt to verify that your customer is still operating at the same business location.
Demand Letter for Payment
What Happens if the Demand Letter for Payment Does Not Result in Payment
Not every demand letter for payment will result in your customer paying for services rendered or goods sold and delivered. However, as indicated the letter demanding payment will put your customer on notice. Our debt collection attorney started a demand letter service for clients who want to put the added strength of a debt collection law firm behind the demand letter. When your customer receives a demand letter from an attorney it is clear that if payment arrangements are not made immediately, legal action to collect the past due invoices for services rendered or for goods sold and delivered would be the next step in the debt collection process you would consider.
How Does the Demand Letter for Payment Program Work
To find out more about how our debt collection law firm operates its attorney demand letter for payment of money owed, please visit our home page. We look forward to more creditors utilizing our attorney mend for payment service to collect money owed. Our debt collection attorney would be happy not only to discuss the demand letter process, but also devise a debt collection strategy that is right based upon your company’s debt collection needs.
Debt Collection Law Firm
Thanksgiving means a lot of different things to different people. However, for a small business it may be time to start looking at different areas of the business that may need adjustments to better help with the overall cash flow of the business. Collecting on past due account receivables and/or setting up credit and collection procedures for your company may be one of those areas that with paying closer attention to collecting past due accounts, might make a difference.
Collection Law Firm to Collect Past Due Accounts
Commercial Collection Agency
Our debt collection law firm offers small businesses a variety of options to consider. Commercial collection agencies are one way, but our collection attorney has discussed in past blogs the difference between a collection agency to collect past due accounts and a collection lawyer in a debt recovery law firm to collect your company’s past due account receivable.
Our Collection Attorneys Can Help Collect Past Due Account Receivable
Our firm has recently added a flat fee commercial demand letter for payment of debt. Our clients were asking us for examples or templates of collection letters but, most found that a debt collection letter coming from a collection attorney was more effective than the company simply sending a letter demanding payment. A company should send a demand letter for payment first, but after time passes it will become apparent when a company is simply stalling or cannot pay on the past due account. If your company is interested in exploring our debt collection law firm’s flat fee letter to collect on past due accounts, feel free to visit our website.
Of course, or debt collection firm offers the same traditional collection agency services – letters and phone calls, but unlike a commercial collection agency, our commercial collection lawyers will be able to bring suit to attempt collection of your company’s past due account receivable when warranted.
Letter Demanding Money Due
Even though companies are getting smarter about extending credit for goods sold and/or services rendered, there are still instances when unexpectedly your company is owed money on past due accounts. Internal debt collection procedures should be in place for your company from the outset, again past due accounts are part of the risk of doing business. If you do not extend some credit, sometimes demanding upfront payment on account may lead potential customers to other service providers and/or companies to get product. We have put out a free guide to help your company set up debt collection procedures.
GET YOU FREE E-BOOK HERE
Guide to Internal Debt Collection Procedures
Past blog posts have addressed the major differences between commercial collection agencies, collection law firms and debt collection attorneys. A collection agency does serve a purpose in some instances when your company may have a high volume of collection accounts with small balances where repeated debt collection calls may be all that is needed to collect your company’s money. However, collection agencies are not licensed to practice law. A commercial debt collection law firm gives creditors a stronger approach to attempting to recover the company’s past due account receivable.
Collection Agency of Collection Attorney Letter Demanding Payment
Our debt collection law firm has set up a new attorney demand letter service. For a flat fee our collection lawyer will draft a letter demanding payment of your company’s past due account. Putting the power of an attorney behind your demand for payment will let your customer know your company is serious about pursuing collection of the account. If the demand letter fro payment does not result in your company receiving payment, our collection law firm can tailor a more traditional debt collection strategy which may include litigation to attempt to recover your money.
Call Our Debt Collection Law Firm
When you call our debt collection law firm one of our collection attorneys will speak to you about your company’s collection policies and procedures. Together we will work on a debt collection strategy that is right of your company, whether simply a letter demanding payment or starting a lawsuit to collect on the past due account receivable.
Demanding Payment With Collection Letters
Sending a demand letter for payment of past due account receivable is the first step in effectively managing your company’s cash flow. A demand letter puts your customer on notice that your company is ready to take collection of the past due account to the next level. Our commercial debt collection law firm has established an attorney demand letter program.
Demand Letter Are Effective Collection Tools
An attorney demand letter for payment of money due to your company indicates to your customer that you are willing to start a legal proceeding to collect on the account. The difference between a demand letter from a collection attorney rather than a demand letter from a commercial collection agency is obvious. Collection agencies are not licensed to practice law. Most debtors know that and will ignore demand letters from a collection agency.
Collection Attorney Gebeloff
A demand letter from our collection lawyers will be firm and the letter for payment will make it clear what the consequences may be if the letter for payment does not result in your customer paying you. Our collection law firm also has begun to offer flat fee pricing for the demand letters for payment. Typical collection agencies charge a contingent fee upon collection. Our flat fee debt collection demand letters are offered at a low price with no contingent fee if the letter results in the customer paying you.
Of course, if the demand letter does not secure payment of your past due account, our law firm can then assist you with moving your collection matter into the litigation arena. No matter where your customer is located, with our demand letter for payment and/or litigation services, we can assist your company collect on past due account receivable.
Attorney Demand Letter for Payment is Effective Debt Collection Tool
Sending a demand letter for payment when trying to collect account receivable puts your client on notice that your company is preparing to send the account to a third party to collect if payment arrangements are not made. We have written about the differences between commercial collection agencies and commercial debt collection law firms. Creditors that use a collection agency end up paying higher contingent fees upon collection of the account when the collection agency sends the account to a collection attorney when the collection agency cannot collect on the debt without litigation. Collection agencies are not licensed to practice law.
DOWNLOAD OUR FREE E-BOOK HERE
Guide to Internal Debt Collection Procedures
Demand Letter for Payment May Save Your Company Money
The Gebeloff Law Group has started an attorney demand letter program for creditors seeking to recover past due collection accounts. The attorney demand letter for payment advises your customer that this is their last attempt to make payment arrangements before your company may decide to pursue legal action to collect on the debt. The demand letter for payment also serves a purpose to verify that the customer still has an active mailing address so that in the event litigation is necessary to collect on the debt, the sheriff will be able to serve a summons and complaint.
Our law firm offers creditors a flat rate for sending a demand letter for payment. The demand for payment instructs your customer to make payment arrangements directly with your company. By offering a flat fee, our clients may save money because they will not have to pay a commercial collection agency a contingent fee which usually ranges between twenty and thirty-five percent.
Many creditors look to our law firm to provide complete debt collection services. Our demand letter for payment is just one tool for debt collection that our law firm provides. We invite companies to call our firm and see if sending an attorney demand letter for payment of past due accounts is right for their company. If the attorney demand letter for payment is not effective alternative collection tactics can be explored.