Prepare for the Inevitable with Collection Forms

By | May 8, 2008

At some time or another, your business will encounter a client or customer who fails to make a payment you are due. People may fail to make payments due to simple forgetfulness, a change in employment, severe financial distress, or a thousand other reasons.

At that inevitable moment when a payment is missed for the first time, businesses must be prepared to engage in collections activities that are effective and that comply with the law.

Your business can prepare for the inevitable by purchasing collection forms online. Collections activities are regulated by law, so it is very important you use collection forms that are specific to your state and appropriate for the type of products or services you provide.

Unfortunately, one simple collection letter may not be all it takes for your business to receive the payment you are due. If you hope to collect your payment, you may need to send out multiple requests for payment, and each collections attempt must comply with the law.

Sooner or later, your business will need more than a Notice of Past Due Payment collection form. You will require a Second Request for Overdue Payment, a Final Demand for Payment, and possibly a notice of impending collections proceedings.

The most efficient and affordable way to obtain the full range of collection forms your business will need is through an online legal forms resource service. You will probably find it is more cost effective for your business to purchase multiple collection forms in a package as opposed to paying for them individually.

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