What Is A Letter of Demand?
A letter of demand is a formal letter sent to the debtor providing them with an opportunity to pay the outstanding invoice without going to court.
A letter of demand outlines the crucial information including the current outstanding balance, who it is due to and the deadline for payment date. A letter of demand also informs the debtor what action will be taken should the debt not be paid by the due date.
When should a letter of demand be sent?
A letter of demand should be sent as a final warning prior to commencing legal action. Therefore, it is suggested that you as a business have already provided a friendly reminder via email or telephone. This offers the debtor an informal approach to ensure that the invoice has not been misplaced and allow them to correct their error.
Once a friendly reminder has been provided and the debt continues to remain unpaid, we would then recommend contacting Macquarie Collections to issue a formal letter of demand.
Why use a debt collection agency to send a letter of demand?
The purpose of a third party letter of demand is to create a sense of urgency in the mind of the debtor so that payment of your outstanding invoice becomes a priority. By involving a debt collection agency to act on your behalf makes the debtor know the importance of paying your invoice within a short period of time.
How to write a letter of demand?
Download our FREE Letter of Demand template to take the first steps today;
Frequently Asked Questions:
A letter of demand is an effective and relatively inexpensive way of recovering debt. Contact our team today for more information.
A letter of demand can be provided via email or post, it is recommended to obtain a ‘read receipt’ to identify that the debtor has received the letter.
Contact us!
Simply contact one of our specialists today via email, phone or our website and see the results for yourself. Recover your funds stress-free!
Email: info@macquariecollections.com.au
Phone: 1300 645 080
What is a letter of demand? Learn about letters of demand and how a debt collection agency can help you send a letter of demand.
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