Attorney Drafted Demand Letters
When your attempts to collect money from customers stall, getting an attorney to draft a well-written demand letter can make a significant difference in your results.
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 make delinquent debtors take the situation more seriously
- In up to ⅓ of cases, demand letters can cause a client to make payment or settle
- Courts may prevent you from filing a case unless you’ve first sent a formal demand
- Should you end up in court, your arguments will be well organized and ready to go
If you have questions about whether it is time to send a demand for payment, you can join legalshield today and be on the phone with a small business attorney in four hours or less.
The Elements of an Effective Demand Letter
Effective demand letters include the following key elements. While your language should be strong, keep it polite. Attacking the debtor will only harm your chances of collection.
- The facts of the situation. Who did what and when?
- Reference relevant terms from any contract signed between the parties.
- A specific demand. Exactly how much is owed?
- A deadline with a specific date.
- A statement that you’ll pursue legal remedies if your demand is not met.
With LegalShield, you get access to attorney drafted demand letter templates, unlimited legal consultation and your attorney can review any demand letters prior to sending them.
How to Get Better Debt Collection Results
Working with an attorney who can guide your efforts and review your demand letters is a great first step. LegalShield small business members often get even better results by having their attorney handle the debt collection process for them.
A debt collection letter on a law firm’s letterhead packs a powerful punch. All small business plans include demand for payment letters written and sent by your attorney. Furthermore, your attorney can make calls to negotiate a settlement for no additional charge.
Not only do demands directly from an attorney get better results, unlike with third party collection agencies, you don’t have to pay any commissions on the funds collected.
How a Legalshield Small Business Plan Works for Demand Letters
All LegalShield plans come jam-packed with valuable benefits. When it comes to drafting demand letters and collecting debt, the most common plan usage is in two areas.
CONSULTATION AND ADVICE
You can speak with a local lawyer to get debt collection questions answered and get legal advice about what you need to include in your demand letters.
DEBT COLLECTION LETTERS
You get a minimum of 5 debt collection letters drafted and sent by your attorney each month. Also, your attorney can review any business documents up to 15 pages each and provide feedback within 3 business days.
You get the best of both worlds. You have the help of an attorney to make sure your demand for payment is effective AND you save a ton of money
Key Features of Our Small Business Legal Plans
LegalShield’s business plans can help you in the following areas.
Speak with your provider attorney on an unlimited number of business legal issues. One hour of legal research on each matter is included at no additional charge.
Your provider attorney can make phone calls or write letters on your behalf. Depending on the type of plan, a designated number of debt collection letters are included each month at no additional charge.
Have your provider attorney review documents and contracts up to 15 pages each. Preparation of documents is provided under the preferred member discount.
Your provider attorney can defend your business in covered civil lawsuits. Depending on the type of plan, a designated number of pre-trial hours and trial hours are included at no additional charge.