Notice to Debtor of Assignment of Debt

Receiving a Notice to Debtor of Assignment of Debt will come as a surprise to many folks.  They opened an account with XYZ company under

certain terms and may feel anxious learning that a new Creditor holds their account.

With this in mind, make sure to send this letter out as soon as the transfer of their account has been finalized.

The last thing you want to happen is for them to receive a statement with your company’s name on it prior to receiving this letter.

Also, make sure to provide a name and telephone number of the representative handling their account in case they have questions or concerns!

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NOTICE TO DEBTOR OF ASSIGNMENT OF DEBT


To: _______________


You are hereby notified that _ [Creditor] has sold and transferred to the undersigned all rights to its claim against you in the amount of $_. You are further notified to direct all payments to the undersigned to insure credit for payment.


______________________________ Name


______________________________ Address


______________________________

Related Pages
Notice and Tender of Debtor Form
Collections Report on Current Status of Debt
Collections Report on Current Status of Debt

Other Pages You Might Like
Financing Statement Form
Referral of Account to Collection Agency
Late Payment Cover Letter

Exit Notice to Debtor of Assignment of Debt - See More Sample Business Letters