The purpose of this letter is to demand payment of money owed regarding your
FREE6
, you entered into an Open Account arrangement with
purchasing
contracting for
The current balance of this Account is
, you signed a Promissory Note in
favor for the original principal amount of
The unpaid principal balance of this note is
, you signed an Agreement in
favor for
BFREE6
The current balance owed under the Agreement is
BFREE6
BFREE6
In addition, you owe accrued interest at a rate of
. As of
, the accrued interest
amounts to
You also owe late charges of
As you can see by the enclosed copy of the
you are now past due in making payment. The purpose of this letter
is to advise you that a demand is made upon you for full payment
of the following amount:
Principal Balance $
DEMLTR03
Accrued Interest
DEMLTR03
Late Charges
DEMLTR03
___________
Total $
DEMLTR03
FREE6
If payment is not made by
, legal action to enforce your obligations under the
may be taken.
Please give this matter your prompt attention.
Further, you will need to add an additional
each day after
, that the full amount remains unpaid.
FREE6
Your efforts in resolving this matter would be appreciated.
Please respond with full payment at your earliest convenience.
BFREE6
If you have any questions or need additional information, please contact
at the address given above.
can also be contacted by phone at
extension
extension
A fax can be sent to
DEMLTR05
DEMLTR05
DEMLTR05
DEMLTR05
DEMLTR05
DEMLTR05
DEMLTR05
DEMLTR05
DEMLTR01 OpeningDEMLTR02 AccountsDEMLTR03 Interest/Late ChargeDEMLTR04 Additional Late ChargeDEMLTR05 Closing
This required section statesthe names and addresses ofthe person to whom money isowed (the Creditor), and theperson owing the money(the Debtor). Press[Ctrl+F1] for moreinformation.This required section statesthe terms and current balanceof the specific account (OpenAccount, Promissory Note,Agreement, or another type ofaccount). Press [Ctrl+F1]for more information.This required section statesthe methods used incalculating accrued interestand late charges. Press[Ctrl+F1] for moreinformation.This required section includesoptional late charges andstates a deadline for aresponse before legal actionwill be taken. Press[Ctrl+F1] for moreinformation.This required section statesthe closing of the letter andphone numbers at which theCreditor may be contacted.You may also indicate anycopies or enclosures included.Press [Ctrl+F1] for moreinformation.
11111L
REQUIRED TRANSFER SECTIONCount Field 1 1 1 2 1 1 1TODATE
REQUIRED OPENING SECTION (SECTION 1 OF 5) [Letterhead Information - Creditor]
F [Company Name:]
R
O
M
[Inside Address - Debtor]
T
O
Re: : The purpose of this letter is to demand payment of money owed regarding your . [Compose your own opening paragraph.]
! 8 t |
This required section states the names and addresses of thecreditor and debtor. A creditor is the party to whom money isowed and a debtor is the party who owes the money. Access theExpert Guide for more for more information.Enter the name of the person who is demanding payment(the "Creditor") or edit the information as desired. Press[F2] to select and paste a record from the Address Manager.Enter an X if the debt is owed to more than one party and the nameof a "Joint Creditor" will be included.Enter the name of the Joint Creditor if more than one partyinvolved. Press [F2] to select and paste a record from the AddressManager.Enter an X to include the Creditor's employment title.If applicable, enter the Creditor's employment title or edit theinformation as desired. For example, "Supervisor" or "MarketingCoordinator".Enter an X to include the Joint Creditor's employment title.If applicable, enter the Joint Creditor's employment title or editthe information as desired. For example, "Supervisor" or"Marketing Coordinator".Enter an X if the Creditor is a company.If the Creditor is a company, enter the company name or edit theinformation as desired. Press [F2] to select and paste a recordfrom the Address Manager.Enter the Creditor's street address or edit the information asdesired.Enter the Creditor's extended street address or edit the informationas desired.Enter the Creditor's city or edit the information as desired.Enter the Creditor's state/province or edit the information asdesired. Press [F8] to select a state from the selection box.Enter the Creditor's zip/postal code or edit the information asdesired.Enter an X to include the Creditor's country, if outside the UnitedStates.Enter the country or edit the information as desired.Using the format MM/DD/YYYY, enter the date of the letter or editthe information as desired.Enter the personal title and name of the person to whom this letteris being sent (the "Debtor"), or press [F2] to select and paste arecord from the Address Manager.If the Debtor is a company, enter the Debtor's employment title oredit the information as desired.If the Debtor is a company, enter the company name or edit theinformation as desired.Enter the Debtor's street address or edit the information asdesired.Enter the Debtor's extended street address or edit the informationas desired.Enter the Debtor's city or edit the information as desired.Enter the Debtor's state/province or edit the information asdesired. Press [F8] to select a state from the selection box.Enter the Debtor's zip/postal code or edit the information asdesired.Enter an X to include the Debtor's country, if outside the UnitedStates.Enter the country or edit the information as desired.Enter an X to include a subject for this letter.Enter a subject for this letter or press [F8] to select a subjectfrom the selection box. For example, "Promissory Note" or"Open Account". If this field is left blank, it will not beprinted.Enter a salutation or press [F8] to select a salutation from theselection box. NOTE: If this field or the following name field isleft blank, they will not be printed.If previously entered, a contact person's name will be transferredto this field. You may also edit the information as desired.Enter an X to select a program-supplied paragraph regarding thepurpose for this letter. Alternatively, you may compose your ownopening paragraph by selecting the next option.Enter the type of agreement regarding the purpose of this letter.Press [F8] for suggestions from the selection box. For example,"Promissory Note" or "Open Account".Enter an X to compose your own opening paragraph regarding thepurpose for this letter.Use this space to compose your own opening paragraph.
Dear
1 Demand Letter for Money Owed
REQUIRED ACCOUNT SECTION (SECTION 2 OF 5) [Open Account Arrangement] On , you entered into an Open Account arrangement with by purchasing contracting for The current balance of this Account is $ . [Promissory Note] On , you signed a Promissory Note in favor for the original principal amount of $ . The unpaid principal balance of this note is $ . [Agreement] On , you signed an Agreement in favor for The current balance owed under the Agreement is $ . [Compose your own paragraph regarding other agreements or accounts.]
This required section states the type of agreement this letter isreferencing: Open Account, Promissory Note, Agreement, or anothertype of account.Enter an X if the agreement is an Open Account arrangement. An openaccount is one which has not been finally settled or closed. Oftenan open account is based on the buyer's credit. Access the ExpertGuide for more information.Using the format MM/DD/YYYY, enter the date the Open Accountarrangement was entered.Enter an X if the Debtor purchased goods or services.Enter a description or the name of the goods or services provided.Enter an X if the Debtor contracted for goods or services.Enter a description or the name of the goods or services contracted.Enter the amount of the outstanding balance on the account. Thisbalance should NOT reflect interest and late charges.Enter an X to include a paragraph regarding a Promissory Note. Apromissory note is a document which specifies the terms andconditions of a loan, including the terms of repayment. Access theExpert Guide more information.Using the format MM/DD/YYYY, enter the date the Promissory Note wassigned.Enter the original principal amount for which the Promissory Notewas signed.Enter the outstanding balance due on the Promissory Note. Thebalance should NOT reflect interest and late charges.Enter an X to include a paragraph regarding a different type ofAgreement for which money is owed.Using the format MM/DD/YYYY, enter the date the Agreement wassigned.Enter a description of the goods or services provided under theAgreement. For example, rental services.Enter the amount of the outstanding balance on the Agreement. Thisbalance should NOT reflect the interest or late charges.Enter an X to compose a paragraph stating any other type ofagreement or account for which money is owed.Use this space to compose a paragraph explaining this type ofagreement or account for which money is owed.
REQUIRED INTEREST/LATE CHARGES SECTION (SECTION 3 OF 5) [Optional] In addition, you owe accrued interest at a rate of . As of , the accrued interest amounts to $ . [Optional] You also owe late charges of
[CALCULATION OF LATE CHARGES
$
Calculate the late charge as a
percentage of an unpaid payment
Percentage Amount
$ Amount of Payment
$ Amount of Late Charge
Calculate the late charge as a
percentage of the outstanding balance
Percentage Amount
$ Unpaid Balance
$ Amount of Late Charge]
As you can see by the enclosed copy of the you are now past due in making payment. The purpose of this letter is to advise you that a demand is made upon you for full payment of the following amount: Principal Balance $ Accrued Interest Late Charges ___________ Total $ [Compose your own paragraph regarding interest/late charges.]
This required section states the methods used in calculating accruedinterest and late charges. Access the Expert Guide for moreinformation.Enter an X to include a sentence regarding accrued interest. Accessthe Expert Guide for more information.Enter the annual interest rate that is (or will be) charged.Using the format MM/DD/YYYY, enter the date through which a statedamount of accrued interest is owed. Access the Expert Guide formore information.Enter the dollar amount that has been calculated as the accruedinterest owed through the specific date listed above.Enter an X to include a paragraph regarding late charges.Enter an X to include the outstanding amount owed.Enter the outstanding amount owed.Enter an X to calculate the late charge as a percentage of an unpaidpayment.Enter the percentage rate to be used in the calculation.Enter the amount of the unpaid payment (or payments).The amount of the late charges has been automatically calculated bythe program based on a percentage of the unpaid payment previouslyentered. This information may be modified by returning to theprevious field. An example would be a late rental payment subjectto a late charge of 5% of the unpaid monthly payment.Enter an X to calculate the late charge as a percentage of theoutstanding balance.Enter the percentage rate to be used in the calculation.Enter the amount of the unpaid balance based on the amount thatyou previously entered as the unpaid balance.The amount of the late charges has been automatically calculated bythe program based on a percentage of the outstanding amount owed.For example, a late rental payment may be subject to a late chargeof 5% of the unpaid monthly payment. This information may bemodified by returning to the particular field in this section.The program completes the name of the agreement if the informationwas entered in a previous section. If desired, you may modify thisinformation without affecting earlier data. Press [F8] to make aselection from the selection box.If a principal amount from a previous section has been entered,the information will be transferred by the program. If a principalamount field does not exist, the user can enter his or her ownprincipal balance.The amount of accrued interest owed, if any, has been entered bythe program based on the amount of accrued interest that waspreviously indicated. To modify this information you must returnto the field where it was originally entered.The amount of late charges owed ,if any, has been entered by theprogram based on the amount that was previously indicated. To modifythis information you must return to the field where it wasoriginally entered.The total amount owed has been calculated by the program based onthe previous amounts entered. To modify this information you mustreturn to the field where it was originally entered.Enter an X to include additional information regarding interest orlate charges.Use this space to include additional information regarding interestor late charges.
REQUIRED ADDITIONAL LATE CHARGES (SECTION 4 OF 5) If payment is not made by , legal action to enforce your obligations under the may be taken. Please give this matter your prompt attention. Further, you will need to add an additional $ for each day after , that the full amount remains unpaid. [Compose your own paragraph stating additional information regarding interest/late charges.]
This required section states any additional daily late charges thatmay be added and the possibility of legal action being taken if theaccount remains unpaid past a certain amount of time.Enter an X to include a paragraph stating the amount of additionalcharges added each day the principal amount remains unpaid.Enter the dollar amount of interest that will accrue daily based onthe calculated amount you previously provided. Access the ExpertGuide for more information.Using the format MM/DD/YYYY, enter a specific date after which astated amount of accrued interest is owed for each additional daythe amount due remains unpaid.Using the format MM/DD/YYYY, enter a reasonable deadline date forpayment of money owed. It is customary to allow approximately 15to 30 days for payment of money owed on an open account, promissorynote or agreement.The program enters the type of agreement based on information froma previous section. Press [F8] for examples including, "PromissoryNote" or "Open Account". You may modify this information withoutaffecting earlier data.Enter an X to include an additional paragraph regarding interest orlate charges.Use this space to include additional information regarding interestor late charges.
REQUIRED CLOSING SECTION (SECTION 5 OF 5) Your efforts in resolving this matter would be appreciated. Please respond with full payment at your earliest convenience. [Compose your own closing paragraph.] If you have any questions or need additional information, please contact at the address given above. can also be contacted by phone at extension or extension . A fax can be sent to . [Optional enclosure or carbon copy lines.]
This required paragraph provides the closing of the letter andincludes phone numbers at which the Creditor may be contacted forquestions. It also allows you to include information regarding anyenclosures or copies which may be enclosed.Enter an X to select a program-supplied sentence, rather than yourown customized sentence.Enter an X to compose your own closing paragraph.Use this space to compose your own closing paragraph.Enter an X to request that you be contacted by mail and/or phone.Enter an X to include phone numbers where you can be reached.Enter an X to include a phone number where you can be reachedduring non-business hours.Enter a non-business phone number or edit the information asdesired.Enter an X to include a phone extension number.Enter a phone extension number or edit the information as desired.Enter an X to include a phone number where you can be reachedduring business hours.Enter a business phone number or edit the information as desired.Enter an X to include a phone extension number.Enter a phone extension number or edit the information as desired.Enter an X to include a facsimile number.Enter a facsimile number or edit the information as desired.Edit the complimentary closing or press [F8] to select anotherclosing from the selection box.The program completes the Creditor's name by transferring theinformation from a previous section. You may modify the informationwithout affecting earlier data.The program completes the checkbox to include the name of theJoint Creditor by transferring the information from a previoussection. If the Joint Creditor will not be signing the letter,press the spacebar to deselect the checkbox and the Joint Creditor'sname will not be printed.The program completes the Joint Creditor's name by transferring theinformation from a previous section. You may modify the informationwithout affecting earlier data.The program completes the checkbox to include the employment titleof the Creditor by transferring the information from a previoussection. If you do not want the employment title to print, pressthe spacebar to deselect the checkbox.The program completes the Creditor's employment title bytransferring the information from a previous section. You maymodify the information without affecting earlier data.The program completes the checkbox to include the employment titleof the Joint Creditor by transferring the information from aprevious section. If you do not want the employment title to print,press the spacebar to deselect the checkbox.The program completes the Joint Creditor's employment title bytransferring the information from a previous section. You maymodify the information without affecting earlier data.Enter an X to include a listing of attachments, enclosures orpersons to whom copies of the letter are being sent.Use this space to enter information regarding enclosures or copiesor press [F8] to select a description from the selection box. Forexample, "Enclosures" or "Copy To".Use this space to enter corresponding information. For example,a description of the enclosure(s) or the name of the party receivinga copy.
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