Bad Debt Letter

[aphilp]

As there has been interest shown on this, the following is a 7 day warning letter to send to non payers:

Dear …

Site Address:
Invoice No.

We note that the above invoice, dated …, has not been settled in full despite the stipulated 14-day payment term.

Kindly settle the amount of … by return.

Should we not receive the said payment, we regret that we will have to take action to recover the debt, together with the statutory interest from (15th day – the day after the invoice due date) … at the rate of 8%.

Yours

You will need to change the timescale to 1 day after the payment terms – ours are 14 days unless we are on a 30 day payment. On day 28 I ring the accounts department to remind them a payment is due in a couple of days and then ring again on day 31.

Have a look at the following website

Late Payment Legislation and the BPPG Interest Calculator. - Pay on Time


I hope this helps

Anne

[whitebeam]

Good info.

[Scott]

Thanks and lets hope we dont have to use too may of them!

[Phil Hobson]

I try to include in my quote T&Cs payment due 7 days from invoice, doesn't always work.