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 is time to send a demand for payment, you can join LegalShield today and be on the phone with a provider attorney in as little as four business hours.
How to Get Better Debt Collection Results
Working with an attorney 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 attorney 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 attorney. Furthermore, instead of a letter, a provider attorney can make a call to seek to resolve the matter for no additional charge.
Not only do demands directly from an attorney get better results, but you also do not have to pay commissions on the funds collected.
How a Legalshield Small Business Plan Works for Demand Letters
All LegalShield Small Business plans include valuable benefits. When it comes to drafting demand letters and collecting debt, the most common plan usage is in two areas.
Legal consultation from a provider attorney 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 attorney could help you recoup payments more efficiently.