For more information on this facility, please fill out our contact form. To save time when issuing against a large number of debtors, we can accept bulk instructions in a variety of file formats. From here, you can issue your instructions as well as access any existing cases, copies of correspondence we have received and any letters we have sent on your behalf. Once you open an account with us, you will have access to our free-to-use secure website.
The compensation you are allowed to charge depends on the unpaid debt amount.Ĭompensation you are entitled to charge for due to late payment: Size of unpaid debt You are also entitled under the same regulations to charge compensation against your debtor if an invoice is overdue by as little as a day. Where an invoice is not paid or is paid late, the Act and Regulations 2002 & 2013 allow you to charge interest at the annual rate of 8% above the base rate for each day your invoices are overdue. You can do this provided both parties were acting in the course of business. This allows you to claim interest, compensation and your reasonable debt collection costs under the Late Payment of Commercial Debts (Interest) Act 1998. Late Payment Demand (from £25.00 + VAT)Īn alternative to the letter before action is a late payment demand. This is a formal letter that includes the date that payment was due provides a time frame for sending payment, the methods of payment you accept. To instruct us to send a solicitors letter before action, we only need the name and address of the debtor along with the amount that is owed to you. As such, we would appreciate you making this payment as soon as possible. We make getting paid easier and faster and have more templates for you to use on our platform.
#COLLECTION LETTER FOR PAST DUE INVOICES SOFTWARE#
If you want more, check out Upflow Our in-house software allows you to automate your A/R collection process by sending automated and personalized payment reminder emails. In most cases, this is enough to prompt the debtor into paying what they owe you, but if the debt is still outstanding, you can choose to instruct us to proceed with court action knowing the proper legal obligations have been met. Despite our previous reminders, the above amount due remains unpaid. Email samples for unpaid invoices you can use now. We send a formal letter to the debtor warning of court action if payment is not received within seven days.
0 kommentar(er)
