Share post
Share
Debt Consolidation Forums Collection agencies and creditors forums

What is a "Letter of Demand'?

Date: Wed, 03/14/2018 22:56
member profile picture
Posts: 1
Credits: 0
[Donate]

What is a "Letter of Demand'? Is it any legal document?




This letter is actually sent when you have made unsuccessful attempts to get your invoice paid. This is the first reminder letter before you take any legal step.

Sub: #1 posted on Thu, 03/15/2018 - 03:55

ditchdebt ditchdebt

(Posts: 679 | Credits: )

The debt collection companies send "Letter of Demand" as a reminder to repay debt. It also states that if the debtor doesn't pay the amount he/she owes, the collection company can start any legal action against the debtor.

Sub: #2 posted on Thu, 03/15/2018 - 06:13

Mabelle Page Mabelle Page

(Posts: 262 | Credits: )

You just got the first reminder to pay the money. Don't ignore it. pay the money asap.

Sub: #3 posted on Thu, 03/15/2018 - 06:13

sanderspatricia29 sanderspatricia29

(Posts: 1234 | Credits: )

A demand letter, or letter of demand is letter stating a legal claim of the debt payable. The collection agency will send this letter to you as a reminder.

Sub: #4 posted on Fri, 03/16/2018 - 03:32

tiarajoseph11 tiarajoseph11

(Posts: 467 | Credits: )

Attachment
More information
  • Files must be less than 500 MB.
  • Allowed file types: txt pdf jpg jpeg png.


DebtConsolidationCare (IAPDA member)
BBB (A+) logo for DebtCC
Connect With Us
About Us | Contact Us | Privacy Policy
Copyright © 2020 DebtConsolidationCare | 301 W. 11th Street Unit E, Reno, NV, 89503, United States
* Disclosures:
  1. By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  2. Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
  3. Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  4. Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  5. The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
Page loaded in 0.693 seconds.