Debt Recovery Toolkit

An Unpaid Invoice Letter of Demand is a formal written request for payment of an overdue business invoice. It is typically used after reminders have been sent and the original payment due date has passed.

A Personal Loan Letter of Demand is a written request for repayment of money you have lent to a friend or family member. It is designed to remain respectful and professional while clearly setting out what is owed and when it should be repaid.

A Final Notice Before Debt Collection is a stronger letter sent when earlier reminders have been ignored. It gives the debtor one final opportunity to pay before the matter is referred for professional recovery.

An Outstanding Services Letter is used to request payment for professional services you have provided where the invoice remains unpaid.

A Commercial Debt Letter is a more formal Letter of Demand used for larger business-to-business debts. It is suitable where one company owes another company for goods or services supplied.

A Payment Arrangement Agreement is a simple written record of an agreed plan to repay an outstanding debt by instalments. It sets out the parties, the original amount owing and a schedule of payments.

A Loan Agreement is a written record of the terms on which money is lent. It sets out the lender, the borrower, the loan amount, the repayment terms and any interest.

An IOU is a simple written acknowledgement that one person owes another a sum of money. It records the amount, the date and the repayment date, and is signed by the borrower.

The Debt Recovery Checklist is a step-by-step checklist that takes you through the key stages of recovering an unpaid debt, from issuing an invoice through to considering legal proceedings.

A Telephone Conversation Record is a simple form for noting down what was said during a phone call with a debtor. It helps you keep an accurate record of conversations, payment promises and follow-up actions.

The Debt Recovery Timeline Planner is a planning tool that lays out the key stages of recovering a debt, from the invoice due date through to possible court proceedings.