A Debt Collection Letter Of Demand – An Important First Step

Collecting debt is stressful for any business

Attempting to collect debt is stressful for any business, and a debt collection letter of demand is an important business tool. Dealing with customers that do not pay is an unpleasant task. So unpleasant, in fact, that many companies choose to let the money owed go unpaid. These unpaid debts add up over time, and can seriously damage a business.

So what is the first step?

If you want to get more formal in your demands to be paid, you should consider putting your demands in a ‘letter of demand’. This letter will clearly spell out all the relevant details, such as how much is owing to you, and what for. Sending a letter of demand will be a clear indication that you are and will be taking firm steps to have your money recovered.

Do it yourself: the pitfalls

Fact is, if your client was taking you seriously, they would have paid you by now, after numerous monthly statements and reminders.

Will they take you more seriously if you now write a more strict letter of demand? You may very well end up just prolonging the agony and stress of trying to collect the debt yourself. No need – just let the professional debt collectors handle it!

Get a professional debt collection letter of demand done

A proven solution is to ask DCQ to write a debt collection letter to your client, demanding the outstanding payment on your behalf. We have demonstrated this over and over … a letter from us get the results despite our clients having tried the same thing over and over.

Why do we get results when you can’t?

As soon as your client receives a debt collection letter from us, they will know that the matter has been escalated and is now being handled by a professional firm. It clearly indicates that you as the business owner is serious about collecting your money, and that you have engaged a professional firm to complete the process to final satisfaction.

At DCQ we will do just that. Starting with a debt collection letter of demand, we will follow this up with phone calls, and per your instructions, will negotiate repayments and even take the matter to court if that is what is required.

A Debt Collection Letter of Demand – very cost efficient

Instructing DCQ to send a debt collection letter of demand costs very little, and can even be done on a no-win-no-fee basis, with the potential upside of your debt getting collected professionally and speedily.

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