Business Terms and Jargon Explained
What is Debt collection letters
When a debt becomes outstanding, sending debt a debt collect letter in your first line of defence, as it could be just an oversight that your invoices have not been paid. There are normally three letters to send out before you take legal action. This will show the court that you have tried to contact them and give them every opportunity to pay or make arrangements.
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Term created / updated 2014-04-01 21:49:00
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