Collection Demand Letter 2 - Collection Letter Form

Another example of a collection demand letter which states paymenet is past due on an account and has not been received.

To use this form, Copy the form text from the web page with your mouse (Ctrl+C) and paste it (Ctrl+V) into a new Microsoft Word document. Edit the blanks in the document and type in your own information. Fill in the banks and print it out and sign.

Collection Demand Letter - Collection Letter Form

Collection Demand Letter 2 - Collection Letter Form





Attention: __________(5)__________

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 payment thereof.

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 free legal forms and information displayed in this document is designed to provide you with an example that you can follow when creating your own business legal documents. As you know, local county, city and state laws vary. Therefore, it is recommend that you seek the professional legal counsel (from an attorney) before you enter into any legal binding contract or agreement. Hoover Web Design is not responsible for any liability that comes from the use of this free legal form.

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