Lawyer Drafted Debt Collection Letters
Demand letters can be an effective way to collect debt. Having access to a lawyer can help you with debt collection matters related to your business.
Issues to Consider with Collection Letters
Debt collection letters should be well written and follow best practices. Here are several key elements you may need to consider:
- Amount Due
- Days Past Due
- Note on previous attempts to collect
- Summary of customer's account
- Instructions for how to reply
- The due date for payment
- Any late fees or penalties
- Your contact information
- Applicable laws, including the statute of limitations or time limit to file court action if the issue is not resolved
Demand letters can be an effective way to collect the debt. However, there are issues you may need to consider. You could have more success if you have a lawyer review your letter before you send it. When you join LegalShield, you can submit your business documents for review and receive consultation on how to address the situation. Depending on the type of business legal plan, a designated number of document reviews are included each month/year at no additional charge beyond the membership fee.
Plans Start at Only $49 Per Month.
Key Features of Our Small Business Legal Plans
LegalShield’s business plans can help you in the following areas.
Legal consultation from a provider lawyer on business legal matters, with legal research for each issue, if needed.
Receive help with business legal matters more efficiently with professional communications issued on your behalf.
Put business-related legal documents through legal review.
A collection letter from a provider lawyer could help you recoup payments more efficiently.