collection letter demand letter for payment

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.

Attorney Demand

 

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 Demand Letter

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.

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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.

Demand Letter for Payment

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.

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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.

Attorney Demand

 

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.