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Difference between revisions of "Collecting on a Debt"
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→Step 4. Send a demand letter
Drew Jackson (talk | contribs) |
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Your letter can’t threaten to take improper action to collect. But you can say you’re considering legal action. You can also give the debtor a time window to make payment arrangements (for example, 30 days). | Your letter can’t threaten to take improper action to collect. But you can say you’re considering legal action. You can also give the debtor a time window to make payment arrangements (for example, 30 days). | ||
A template is always a good place to start. [https://www.peopleslawschool.ca/ | A template is always a good place to start. [https://www.peopleslawschool.ca/letter-loan-demand/ We have a loan demand letter template]. | ||
===Step 5. Consider legal action=== | ===Step 5. Consider legal action=== | ||