In some cases, a demand for payment may also be a prerequisite for initiating a negotiation or settlement process between the creditor and the debtor. It is a formal request made by a creditor or a person or entity owed money, asking the debtor to pay a debt or an outstanding balance. It is a common step taken by creditors before pursuing constitutional action, such as filing a lawsuit or turning the debt over to a collection agency. Demand for payment and own demand letterĪ demand for payment can be made in writing or orally and typically specifies the amount owed, the due date, and any interest or penalties that may apply. Please note, however, that these are for general purposes only, and no attorney-client relationship is being created by the use of these demand letters. Please use these template letters for your appropriate legal matter. It is also important to keep a copy of the demand letter for your own records. This can be valuable in case legal action needs to be taken in the future.Īdditionally, sending a demand letter via certified mail can communicate to the opposing party that you are serious about pursuing your claim, which may lead to a quicker resolution of the dispute. Sending a demand letter via certified mail not only provides proof of receipt but also creates a paper trail of communication. Sending The Demand Letter by Certified Mail
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