Letters of demand – own account

These Letters of Demand may be considered for use where a debt is owed to you by a debtor, and has not yet been repaid. A Letter of Demand serves to call on the debtor to pay the debt, failing which further action will be taken.    

 

A Letter of Demand reminds a debtor of the amount that is due for payment, and gives the debtor a deadline for the payment. A first letter of demand acknowledges that payment may have been made, in which case this letter can be ignored. Ie. The wording of the First Letter of Demand is more lenient than the Final Letter of Demand. The wording of the Final Letter of Demand is in harsher tones than the First Letter of Demand, and warns the debtor of the legal consequences of ignoring the demand.   

 

If your business has debtors that owe money, these Letters of Demand may be used to call on the debtor to pay the amounts owed. 

 

Each Letter of Demand: 

• Confirms the amount that is due
• Gives the debtor a deadline in which to pay
• Provides for the insertion of bank details into which the debt can be paid
• Generally cautions the debtor should the debt not be paid

 

• Each letter can be printed onto one A4 page.

 

• Read the document to ensure that it suits your requirements. Make changes as required.
• Complete the relevant details, and send the First Letter of Demand to the debtor.
• Should the debtor fail to make payment, send the Final Letter of Demand. (Note: the Final Letter of Demand can be used on its own, without the First Letter of Demand having been sent).

 

• Demand Letter
• Final Notice