Business Home >> Useful
Standard Legal Documents >>
Collection Demand Letter Business Form
This is to advise you that you are in default under the terms
of the promissory note dated __________(6)__________, for
failure to make the payments due thereunder on __________(7)__________.
The total amount due for those payments is $_____(8)_____.
It is imperative that full payment be received on or before
ten (10) days form the date of this letter, or the term for
payment of your indebtedness will be accelerated and the entire
principal balance and any unpaid interest will become immediately
due and payable and proper legal action will be taken to enforce
As you are aware, the terms of the promissory note provide
that interest accrues, form the date of default, at the highest
rate allowable by law, and you are liable, upon default, for
all costs and reasonable attorney's fees incurred in collection.
Govern yourself accordingly.
The information in this document is designed to provide an
outline that you can follow when formulating business or personal
plans. Due to the variances of many local, city, county and
state laws, we recommend that you seek professional legal
counseling before entering into any contract or agreement.
If this document is of use
to you, please provide a link back to Hoover Web Design.
to Making Money Online with Your Own Home Business