Letter of Demand (Debt)

What is a letter of demand (debt) and do you need one?

A letter of demand (debt) is a formal letter formally request recovery of an outstanding debt.

You should always have a letter of demand (debt) if:

• You have made previous attempts to recover a debt;
• A person or business has failed to response to your previous requests for payment;
• You would like to formally request payment for the outstanding debt;
• You are preparing to take legal action over the outstanding amount.

Other name for letter of demand (debt) letter:

• Demand for payment;
• Debt recovery;
• Debt collection letter.

What does the letter of demand (debt) cover?

• Amount of the outstanding debt owed; 
• Date the debt was due;
• Description of what the debt is owed for;
• Demand for payment over the owed debt.

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