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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:
If you have questions about whether it is time to send a demand for payment, join LegalShield today.
Effective demand letters generally include certain key elements. While your language should be strong, keep it polite. Attacking the debtor will only harm your chances of collecting the funds you are owed.
With LegalShield, you get access to lawyer-drafted demand letter templates, legal consultation on an unlimited number of business legal matters and your lawyer can review your demand letters prior to sending them.
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.
LegalShield’s business plans can help you in the following areas.
Legal consultation from a provider lawyer 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 lawyer could help you recoup payments more efficiently.
Finding solutions to your legal issues doesn’t have to be stressful, complicated or expensive. LegalShield puts the power of legal representation within reach of any individual, family, or business. We work hard to make it easy, simple, and affordable to get the legal help you need, when you need it.