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Late Payment Demand Letter
"I need a Late Payment Demand Letter to recover $25,000 from a manufacturing client who has missed three consecutive monthly payments, with the last payment due on March 15, 2025, and I want to include both interest charges and a warning about potential legal action."
1. Sender Details: Full name, address, and contact information of the creditor
2. Recipient Details: Full name, address of the debtor
3. Date: Current date of the demand letter
4. Outstanding Amount: Clear statement of the amount owed
5. Payment History: Reference to original payment due date and any partial payments
6. Demand Statement: Clear demand for payment with specific deadline
7. Payment Instructions: How and where to make the payment
1. Interest Calculation: Section detailing interest charges on the late payment, including calculation method and period
2. Legal Action Warning: Warning about potential legal consequences if payment is not received by the specified deadline
3. Payment Plan Option: Details of possible installment payment arrangements if applicable
1. Original Invoice: Copy of the unpaid invoice(s) referenced in the demand letter
2. Statement of Account: Detailed breakdown of all amounts owed and any payments made to date
3. Contract Reference: Relevant excerpts from the original contract regarding payment terms and conditions
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