A Final Demand for Payment on Delinquent Account - Notification of debt can become a messy sort of dealings. Any template that can ease
the process is a bonus and this letter is one of those easing templates.
This letter is not only a notification of debt, but a final notification of delinquency before collection attempts are relinquished to a collection agency.
This final notice leaves no room for interpretation or doubt and brings you one step closer to collection the of owed debt.
Your account has been referred to me with instructions that I make final demand for payment of this debt.
Inasmuch as the outstanding balance is sizable, I have outlined a payment plan for you as a method to retire the entire balance over the next [number] months if you are unable to forward the full amount at this time.
Amount Due $ ___________
Payment $____________ Monthly
Due Date $ _____________
This offer is being made to you as our expression of wanting to settle your account in an amicable manner. If we do not receive your first payment by the date indicated above, we will have no choice but to refer your account to a collection agency.
We do not wish to take any action which might impair your credit rating and therefore request that you give this matter your most immediate attention.