Collection letters have certain features that make them unique from other types of business letters, such as: 1. The parties involved: The letter should include the name and … See more

Typically, you’ll send your customer a series of four collection letters before hiring a collection agency or recording a bad debt expense. The first collection letter should be mailed o… See more

After multiple attempts to collect on a delinquent account with telephone calls and letters fail, you should consider hiring a collection agency. One thing to keep in mind is that… See more

If you decide to just cut your losses and not hire a collection agency, you should go ahead and write the account off as bad debt. This will at least allow you to claim a tax deducti… See more