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Demand Letter For Payment Of Debt
"I need a Demand Letter For Payment Of Debt to recover SGD 50,000 from a corporate client who has failed to pay for consulting services delivered in January 2025, with the letter to include details of three previous payment reminders and applicable late payment interest."
1. Recipient Details: Full name and address of the debtor, including any reference numbers
2. Debt Description: Clear statement of the amount owed, origin of the debt, and date the debt was incurred
3. Payment History: Summary of previous payment attempts or communications regarding the debt
4. Demand Statement: Formal demand for payment with specific amount and legal basis for the claim
5. Payment Terms: Specific deadline for payment and acceptable payment methods
6. Legal Consequences: Statement of potential legal action if payment is not received within the specified timeframe
1. Interest Calculation: Detailed breakdown of interest charges and calculation method when applicable per agreement
2. Settlement Offer: Terms for potential settlement or payment plan if the creditor is willing to negotiate
3. Previous Correspondence Reference: References to prior communication attempts and demands for payment
4. Without Prejudice Statement: Statement preserving legal rights when including settlement offers
1. Statement of Account: Detailed breakdown of the amount owed including principal, interest, and any additional charges
2. Original Agreement: Copy of the contract or agreement that gave rise to the debt
3. Payment Records: Documentation of any partial payments made and remaining balance
4. Previous Correspondence Log: Copies of relevant previous payment requests or communications with dates
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