How do I write a collection letter?

Answer

Writing a Collection Letter is very simple. Write a brief, one page letter that serves as a courteous reminder. State the basic facts about the debt are trying to collect and set a deadline for when expect to be contacted. Send a second letter if do not receive a response by the date specified. Refer to the first letter sent and restate the facts about the account. Again, set a date for response or payment. Increase the starkness of each letter, and send a third letter expressing shock at the lack of response to request for payment. If incomplete payment has been received, note the payment and balance owed. Document the series of letters, and record collection efforts as well as any partial payments. And send a final letter stating efforts and intent to turn the account over to a third party collection agency or attorney. Hand in the account information to a credit office, collection agency or attorney.
Q&A Related to "How do I write a collection letter?"
To write a collection letter, it needs to be properly addressed to the person. State exactly what you are collecting on and the amount owed with interest. You then should keep a copy
http://www.ask.com/web-answers/Business/Finance/ho...
1. Review the customer's payment history. A collections letter to a longtime customer with a solid payment history should feature a gentler tone than a letter to a new customer who
http://www.ehow.com/how_8153322_write-business-col...
Need to know how to write a complaint letter? To get results, you must write a letter that will communicate the problem effectively and provide a solution on how the company can keep
http://www.life123.com/career-money/business-corre...
1. Begin the letter by typing your address and skipping a line. Type the date and skip an additional line. Type the name of the recipient for the letter, followed by his or her organization
http://www.ehow.com/how_8201234_write-letter-candi...
1 Additional Answer
Ask.com Answer for: how to write a collection letter
How to Write a Collection Letter
A collection letter should be used when a customer, client or vendor has failed to make payments as agreed. This is not a fun task, but it doesn't have to be difficult. Here are some helpful tips for writing professional collection letters.... More »
Difficulty: Easy
Source: www.ehow.com
Explore this Topic
Debt collection letters are tools in the debt collection process. They are intended to remind the debtor about his liability. They are also proof of necessary ...
An individual an easily write a payment letter by including the date and the collection agency. An individual can also input the name of the collector and an address ...
A church visitor letter It is a written Certification Letter, Claim Letter, Collection Letter or Condolence Church Sponsorship Letter. When writing a Follow-Up ...
About -  Privacy -  Careers -  Ask Blog -  Mobile -  Help -  Feedback  -  Sitemap  © 2014 Ask.com