Subject: Demand for Payment of Outstanding Invoice
Dear [Debtor’s Name],
This letter is a formal demand for payment of an outstanding invoice, number [Invoice Number], dated [Invoice Date], in the amount of [Amount Due].
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According to our records, this invoice is past due by [Number] days. As per the terms and conditions of our agreement, payment is due within [Number] days of the invoice date.
We kindly request that you settle this outstanding balance immediately. Please make your check payable to [Your Company Name] and send it to the following address:
[Your Company Address]
[Your City, State, ZIP]
If we do not receive full payment within [Number] days of this letter, we will be forced to take further legal action to recover the outstanding debt.
Thank you for your prompt attention to this matter.
Sincerely,
[Your Name]
[Your Title]
[Your Company Name]
FAQs
1. What is a demand letter? A demand letter is a formal document sent to a debtor requesting payment of an outstanding debt.
2. What should be included in a demand letter? A demand letter should include the debtor’s name, the invoice number and date, the amount due, the past due date, the payment terms, and the consequences of non-payment.
3. When should I send a demand letter? You should send a demand letter as soon as the invoice becomes past due.
4. What is the purpose of a demand letter? The purpose of a demand letter is to remind the debtor of the outstanding debt and to encourage them to pay it.
5. What should I do if the debtor does not respond to my demand letter? If the debtor does not respond to your demand letter, you may need to take further legal action to recover the outstanding debt.
Example Of Demand Letter For Payment
