Bad Debt Collection Letter

 A Bad Debt Collection letter is written by the collection or finance company that wishes to receive an outstanding amount from its clients. This letter requests the client to settle the amount quickly. There are a few stages of bad debt collection letter which serve as reminders until the finance company takes some harsher actions.

From:
Nina J. Douglas
Collection Officer
Mountain Finance Agency
3896 North Bend River Road
Somerset, KY 42503
February 7, 2011

To:
John A. Peachey
2748 Hilltop Haven Drive
Andover, NJ 07821
Dear Mr. Peachey

RE: Debt Collection – 2nd reminder

In reference to the outstanding loan repayment of your personal automobile, in contract GJL83028, you are three (3) months overdue with your monthly payment of $300.00. Mountain Finance Agency is now serving you a second and final reminder of your outstanding payment of $900.00 which should be settled immediately.

Daily interest will be computed against the outstanding bad debt; hence, it is to your benefit to settle the amount quickly. If you have settled the outstanding amount, please ignore this reminder. Otherwise, legal action may be taken against you.

Please come into any of our branch offices to settle your outstanding debt as soon as possible.

From,
Nina J. Douglas
Collection Officer
Mountain Finance Agency