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    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

    Dos

    Keep it professional
    Assume that the customer will make the payment
    Attempt to call the customer before sending them the fir… See more

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    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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    How many collection letters are there?
    There are four different collection letters that you will have to send to your clients before hiring a collection agency or recording it as a bad debt expense. When drafting a collection letter sample, it is important that you remain professional yet firm.
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    Table of Contents
    Dos
    Offer Early Discount Payments
    Request Deposits Upfront
    Run A Business Credit Check
    How many collection letters are there?
     

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