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Debt Collection Letter Of Demand
"I need a Debt Collection Letter of Demand to recover an outstanding payment of $50,000 from a Singapore-based manufacturing company that has failed to pay for consulting services provided in January 2025, with a clear outline of legal consequences if payment isn't received within 14 days."
1. Sender Details: Full name, address, and contact information of the creditor or collecting agent
2. Recipient Details: Full name, address of the debtor
3. Debt Details: Original amount, current amount, interest accrued, and payment history
4. Payment Demand: Clear statement of amount demanded and payment deadline
5. Legal Basis: Reference to contract or basis of debt
6. Consequences: Statement of intended legal action if payment not received
1. Payment History: Detailed breakdown of previous payments and attempts to collect - use for long-standing debts with partial payments
2. Settlement Offer: Proposed settlement terms if applicable - use when creditor is willing to negotiate or accept partial payment
3. Interest Calculation: Detailed breakdown of interest charges - use when significant interest has accrued
1. Original Contract: Copy of agreement creating the debt obligation
2. Statement of Account: Detailed breakdown of debt, payments, and interest
3. Payment Records: Evidence of previous payments or payment attempts
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