Is there a source for free collection letter templates?


Quick Answer

As of 2015, free debt collection letter templates can be found at the Collection Agency Information website. Visitors can find more than 20 category links that each open to a template that can be applied to a related debt-collection situation. The templates are not available as downloadable files, but they can be easily copied and pasted into a word processor program.

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Full Answer

The website arranges its collection letter templates into first, second, third and fourth notice categories, with an additional final 5-day demand notice. There are field-specific templates for the medical, dental and legal services, and service discontinuance, repossession and bad-check templates are also included. The intent is for a business to be able to collect their debts while avoiding the cost of an outside agency. Before sending any collection letters, the website advises that a professional who is well-versed in the relevant industry, commerce and debt-collection laws be consulted.

The Collection Agency Information website also serves as a referral resource for businesses that are seeking to turn over their debt collection to a third-party, prequalified service if their own debt collection attempts prove unsuccessful. If no results are obtained after a business sends its final demand-for-payment letter, the website recommends that all further efforts should be placed into the hands of a third-party dedicated collection agency.

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