Subject: Next Steps Regarding Outstanding Balance
Hello,
This email is to outline the next steps regarding the balance that remains outstanding. We always aim to find a fair and reasonable solution; however, if these attempts fail, the following process will apply:
Step 1: We send the debtor a notice stating the amount owed.
Step 2: We attempt to arrange a payment plan that works for both parties.
Step 3: If all attempts to resolve the matter fail, the account is sent to collections.
Please note that this may affect your credit score and remain on your credit report for up to seven (7) years.
Step 4: If necessary, we may retain a lawyer or paralegal—at your cost—to recover the outstanding funds. These legal or collection costs will be added to the total amount owed.
We understand that financial difficulties can arise, which is why we are always open to setting up a reasonable payment plan. However, communication is essential. If we do not hear from you, we will have no choice but to proceed with the next steps.
Kind regards,
Management
Hello,
This email is to outline the next steps regarding the balance that remains outstanding. We always aim to find a fair and reasonable solution; however, if these attempts fail, the following process will apply:
Step 1: We send the debtor a notice stating the amount owed.
Step 2: We attempt to arrange a payment plan that works for both parties.
Step 3: If all attempts to resolve the matter fail, the account is sent to collections.
Please note that this may affect your credit score and remain on your credit report for up to seven (7) years.
Step 4: If necessary, we may retain a lawyer or paralegal—at your cost—to recover the outstanding funds. These legal or collection costs will be added to the total amount owed.
We understand that financial difficulties can arise, which is why we are always open to setting up a reasonable payment plan. However, communication is essential. If we do not hear from you, we will have no choice but to proceed with the next steps.
Kind regards,
Management