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 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.
The Elements of an Effective Demand Letter
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.
- 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 are prepared to pursue legal remedies if your demand is not met.
With LegalShield, you get access to attorney-drafted demand letter templates, legal consultation on an unlimited number of business legal matters and your attorney can review your demand letters prior to sending them.
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.
CONSULTATION AND ADVICE
You can speak with a provider attorney to get debt collection questions answered and get legal advice about your options to collect delinquent debts.
DEBT COLLECTION LETTERS
You get a minimum of 5 debt collection letters for the business drafted and sent by a provider attorney each month. Also, a provider attorney can review any business legal documents, up to 15 pages each, and provide feedback within 3 business days. There is a max amount per year depending on your plan type.
You get the best of both worlds. You have access to an attorney to provide assistance with a demand for payment AND can save you money on attorney fees.
Key Features of Our Small Business Legal Plans
LegalShield’s business plans can help you in the following 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.