Crafting a Letter for Outstanding Payment for Businesses Made Simple

Letter for outstanding payment for businesses

[Music] hello guys welcome back to my channel writing practices today we are going to learn how to write an outstanding payment letter what is outstanding payment to customer an outstanding invoice is a payment that a customer has yet to pay as mentioned previously this could be an invoice that has not met its due date yet but is still awaiting some form of payment a past du invoice however is a payment that a customer has yet to pay and is past the due date listed on the invoice here writing practices will show you how to write an outstanding payment letter step by step check this out first of all write the date today and write the information about the recipient you must write the full name and write the home address when you write the address you should mention the number the street name the city the state and the zip code as well after that write the subject of the letter in this example the subject is letter for outstanding payment you can also write specific payment based on your case and now you can open the letter with salutation you can write Dear Mis or Mrs or Miss followed by the last name of the recipient in the first paragraph write the reason why you are writing this letter here you can mention how you have been sending the recipient some warning letters but she or he did not respond at all and that's why you are writing this letter you can then explain why you sent several warning letters although it is obvious you have to still explain it here tell the recipient that he or she owes you money you should mention the amount of money and write how the amount is still outstanding in this example the recipient borrowed the writer's money and hasn't paid yet for about $4,000 you can then Express how you have tried your best to contact the recipient but there's no answer after that state clearly State very clearly that you will take legal actions because of the recipient's behavior state it clearly that you will bring this to the court so it will be the last warning from you to the recipient in the second paragraph explain how you have no other choice except to take this problem to the court you can explain how you believe in mutual cooperation but it is impossible since the recipient have this Behavior you can also mention the urgency like you have other customers who behave like this and you took legal actions this is as a strong warning for the recipient that you write no joke that you are really serious about this and you can also mention how outstanding the amount of money that the recipient has to pay in the third paragraph This is where you give the last chance you can give the recipient some days to complete the payment you can give them 15 days or even 7 days and tell tell the recipient to be ready to face you in the court if he or she failed to pay within the remaining days and attach some files that are necessary for this for example is an envelope with certain address or something and finally you can close the letter with regards add your signature and write your full name under it write your occupation in this case is the CEO of a bank so that's how you write an outstanding payment letter step by step I hope this video helpful for you thank you for watching and see you soon [Music] he [Music]