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.
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.