Debt recovery can come at a significant cost, but before you jump into legal action you should start with a letter of demand.
Most debtors will respond to a letter of demand and, should you need to turn to legal action, a letter will have laid the groundwork for your claim.
The letter should contain:
- A request for payment;
- Identification of the debt (amount, invoice number, date sent etc);
- Notification to pay within a reasonable time; and
- A date when you expect to commence legal action if the debt has not been paid.