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  1. Doctemplates.net
    https://www.doctemplates.net › collection-letter-samples

    30 Effective Debt Collection Letter Samples (How to …

    • The account receivable reportis one of the key financial reports one should always be keen on. It includes the information on all the unpaid customer invoices, including the invoice amount, date, du… See more

    Offer Early Discount Payments

    The best way to mitigate payment collection issues is by offering the customers an incentive when they make their payment on time. This can be anywhere between 1-5% and genera… See more

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    Request Deposits Upfront

    Even though it might sound a little awkward at first, asking the customers to make a deposit before providing them the goods and/or services is more common than you might think… See more

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    Run A Business Credit Check

    Just like your credit score, you should run a credit check to determine the prospective client’s business credit profile, including their payment history. This is vital as in doing this; … See more

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    When should I send a collection letter?
    If you contact them and they agree to make their payments and their failure to honor the agreement, you should then proceed to mail them the first collection letter. Generally, the first collection letter sample should be sent no later than 14 days after the invoice due date. Dear, This is a kind reminder that your account is overdue.
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    Table of Contents
    Offer Early Discount Payments
    Request Deposits Upfront
    Run A Business Credit Check
    When should I send a collection letter?
     

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