Collection Letter Follow-Up

Send a letter document that is following-up on a previously sent collection letter that details the collection of fees or amount due by using our Collection Letter Follow-up template. This is perfect for financial institutions who are lending money with an interest. It is usually used after sending an initial collection letter that did not receive a response. The file is ready-made and professionally made to give users a user-friendly experience. It is also ready for printing and can be shared digitally. Be able to customize the file as needed. Grab this great deal while still available!

COLLECTION LETTER FOLLOW-UP 

[DATE]

Dear [RECIPIENT NAME],

This letter is in consonance with your agreement to pay us, [YOUR COMPANY NAME] for our services dated [DATE 1] for the amount of [NUMBER] [CURRENCY] which was due on [DUE DATE]. In spite of our previous efforts to settle this matter, your account remains unsettled, outstanding and is long overdue. Your balance is currently [NUMBER 1] days past due. Please note that because of this you are now in default of our agreement in consideration to the Terms and Conditions as stipulated therein.

[LIST]

I regret to inform you that unless we receive payment in full by [DATE 2] or work out an agreed-upon payment plan by this date, we will turn your account over to our collection agency for collection. We intend to close this matter within no more than [NUMBER 2] business days of the agreed-upon deadline. 

Please acknowledge receipt of this letter within [NUMBER 3] days of the date of this letter. You can also contact me in order we can settle and find a solution that allows you to make payment and avoid the unpleasantness of the collection process.

Thank you in advance for your prompt attention to this matter. I look forward to hearing from you before the necessary action must be taken to avoid damage to your credit rating or our future business relationship. Please contact me immediately through this number on [YOUR PHONE NUMBER] so we can get this matter settled.

If you have already attended to the payment, please disregard this letter.

Regards,

[YOUR SIGNATURE]

[YOUR NAME]