Debt Collection Letter Templates and Samples
What Is a Debt Collection Letter?
A Debt Collection Letter is a document sent to a debtor from a creditor who is seeking payment. The purpose of the document is to notify a debtor about their obligation to pay back their debt and provide instructions on how to do that in the most convenient way.
Alternate Name:
- Debt Collection Dispute Letter.
After a creditor has sent a debt collection letter and did not receive their money back, they can find a specialist to work towards the situation. A debtor can receive a Debt Collection Letter From an Attorney, from a collection agency, from a lawyer, or from another authorized individual or organization that a creditor has hired as their representative. Check out our library below to download Debt Collection Letter templates and samples.
Debt Collection Letter Types
- Generic Debt Collection Letter. This statement will help you to remind the borrower they still owe you, indicate the exact amount of money you are expecting to receive, and establish a deadline for the payment. Confirm you are ready to hand over the debt to a debt collection agency if the borrower keeps ignoring you and encourage the recipient to negotiate the debt settlement with you.
- Sample Debt Collection Letter. In case you still have not received due payments from the debtor and phone calls proved to be futile, send them a formal notification asking for payment - record the amount of money they are to pay to settle the debt and certify your readiness to change their credit score for the worse.
- Sample Debt Collection Letter From Attorney. If a legal representative composes a letter on behalf of the lender, it may convince the borrower to act quicker. Notify the debtor they have to make a payment, refer to the documentation that confirms they have acknowledged their legal obligation to pay the debt at a particular time, and list the additional penalties and fines the debtor may deal with.
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Documents:
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An individual or entity may prepare this type of letter and send it to a financial institution that has notified them about a debt to find out whether this debt is legitimate.
PDF 
Word
This letter is prepared by the attorney that represents the lender and has a purpose to convince the debtor to pay the money back or face a lawsuit.
A lender can preparer this financial statement and send it to a borrower with the request for them to handle an unpaid debt.
Complete this template and send it to a creditor who is seeking payment.
This document is used to stop debt collectors from contacting you in New York City.
This document is a letter that can be used to stop debt collectors from contacting you. The letter is available in both English and Arabic, and it can be used specifically in New York City.
