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The Benefits of Writing a Demand Letter
When a tenant or other customer is in default of a contractual obligation to pay you and initial efforts to collect the debt have stalled, it may be time to write a strong demand letter. Here are the key benefits of sending a final demand letter:
- Demand letters can result in delinquent debtors taking the situation more seriously.
- Demand letters can cause a debtor to make a payment or settle.
- Should you end up in court, your arguments will be well organized and ready to go.
If you have questions about whether it's time to send a demand for payment, you can join LegalShield today and be on the phone with a provider lawyer in as little as 4 business hours after initial contact.
How to Get Better Debt Collection Results
Working with a lawyer who can guide and assist your business related to debt collection efforts is a great first step. LegalShield small business members often receive better results by having their lawyer assisting in the debt collection process.
A debt collection letter on a provider law firm’s letterhead can make a significant impact. All small business plans include a certain number of demand for payment letters each month and year, written and sent by your provider lawyer. Furthermore, instead of a letter, a provider lawyer can make a call to seek to resolve the matter for no additional charge.
Not only do demands directly from a lawyer get better results, but you also do not have to pay commissions on the funds collected.