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What are the elements of a standard debt collection letter?

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Quick Answer

A standard debt collection letter should include the name of the debtor, the amount owed, and a reminder to settle the defaulted debt, states eCollect. Such a reminder letter generally doesn't include a deadline for settling the debt, as no legal action is to be taken yet.

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Full Answer

Debt collection agencies vary on the number of reminder letters they send, but it generally ranges between one and three reminders, reports eCollect. The final-demand letter sent after this letter has more specific content and a harsher tone. It includes all the information in the reminder letters and adds a warning that if the payment is not settled by a due date, the lender plans to seek legal action.

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