Creditors & Debtors...
Below are our articles on the subject of Creditors & Debtors. If you can't see what you are looking for our other categories are displayed on the left under 'Our Quick Links'...
Debt Collection Final Notice Letter
Debt collection final notice letters should be written in a polite but firm manner and they should still give the debtor the chance to rectify the situation....
Debt Collection Letter of Legal Proceedings
A debt collection letter of legal proceedings is the last stop before court action and should not be sent unless the creditor does intend to follow through with the…...
Debt Collection Reminder Letter
Debt Reminder collection letters have two objectives; to remind the debtor of the overdue payment and to find out if there is any reason for the late or non payment....
Letter Advising of Illness and Payment Protection
Letters advising of illness and claiming payment protection insurance should be sent as soon as possible when this situation arises along with documents providing…...
Letter Explaining Inability to Make Payments
Letters to creditors explaining an inability to make payments should include an income and expenditure form as well as an estimate of how long this financial problem…...
Letter to Creditors Advising of Bankruptcy
Sending a letter to creditors to advise of bankruptcy is not compulsory but it can help to stop constant demands for payment....
Letter to Creditors on the Death of a Spouse
If no executor has been appointed to deal with a deceased's estate then the next of kin will need to write to creditors to make them aware of the death....
Letter to Creditors That Business is Closing
There are many reasons why a business would close but making creditors aware of the closure will ensure that they know where claims can be made as soon as possible....
Letter to Multiple Creditors to Arrange Payment Plan
Letters to multiple creditors to arrange a payment plan will be a basic template with the same content and changes needed only to the address and reference numbers....
Letter to Request Restructured Credit Terms
Requesting restructured credit terms is basically altering the original credit contract business terms and conditions and letters should be set out in formal business…...