This Five Day Demand for Payment letter template is the way to serve a serious notice.
Have your account holders finally reached the end of the payment tether?
Use this template to alert delinquent account holders to the severity of collection intentions.
Graciously provide five days for holders to attempt to bring their accounts to date, or at least provide them ample notification before further litigation.
Our accounting department has turned your past due account over to me hoping that I could persuade you to bring it current prior to forwarding your file to our legal department.
When our firm extends credit to an individual such as yourself, it bases its decision on that applicant's previous credit history and ability to pay. When you requested credit from us, you met all of these criteria. Today, however, your account has reached the critical stage.
You can avoid any additional costs if you mail your check in the amount of [amount] I must hear from you within five days.