April 11, 2017

Final Demand

DEMAND LETTER

STEP 1

Before out-sourcing your recovery it is advisable to do one last thing – your final demand letter.

The letter needs to include a copy of the debtor-invoice/statement. You need to ensure that the letter is void of any obvious anger,

ie “despite my continuous requests and your repeated broken promises and lies” Do not include any such sentiment. Your letter may be used against you in court.

You must also make sure you avoid any perceived threat (ie jail is an absolute no no).

Do not use legal jargon you feel may impress or intimidate the debtor. You cannot lodge a caveat on the debtor’s house (without a signed written agreement) and you cannot seize assets.

Our advice is keep it simple, state the facts and provide a seven day deadline (without malicious threat).

Date

Your name

Trading as

your address

To (Debtor’s name)

address

SUBURB  STATE  PCODE

 

Mr/Mrs xxxxxxx

With reference to our invoice No 45125 dated 00/00/2017 amounting to $956.32. This remains outstanding to-date.

You are hereby provided 7 days (00/00/2017)  to effect payment by EFT. On the expiration of this date we shall automatically proceed to recovery action without further communication.

BANK DETAILS FOR EFT   BSB: 000-000 ACC: 000010000.

We trust that this can be resolved withiin the time-frame provided. If you are experiencing financial or health issues we would appreciate hearing from you. We may be able to assist you with a payment arrangement to suit your circumstances.

We await your immediate response.

Yours faithfully

SIGN (and add your email address)

Enclosed: invoice #45125

STEP 2

Once the deadline expires it’s time to out-source your recovery. Provide us with a copy of this plus the invoice. Our field agent will visit your debtor with the invoice in-hand.

OBTAIN A QUOTE FOR YOUR DEBT

Licensed bonded debt collection agency. ABN: 38 091 890 570 Member of Institute of Mercantile, Agents Australia Collectors Association, Mercantile Agents Association
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