Demand Letter for Payment

DATE: [____________]. TO: [____________] ("Debtor"), [____________] (Address). FROM: [____________] ("Creditor"), [____________] (Address). RE: Final Demand for Payment, [Invoice No(s). ____________ / Account No. ____________ / Agreement dated ____________]. This letter serves as Creditor's final demand for payment of all amounts currently due and owing. The following amounts are outstanding: (a) Principal / Invoice Amount: [$__________]; (b) Accrued Interest at [____]% per annum through [____________]: [$__________]; (c) Late Fees and Charges: [$__________]; (d) Other Amounts: [$__________]; TOTAL AMOUNT DUE: [$__________] (the "Total Amount Due").

The Total Amount Due arises from the following: [describe the underlying obligation, e.g., services rendered pursuant to [contract/invoice] dated [____________], goods delivered on [____________], loan advanced on [____________], other: ____________]. All services and/or goods were provided in full and in conformance with the applicable agreement. Creditor has fully performed all obligations owed to Debtor under the applicable agreement, and no valid basis for non-payment, set-off, or reduction exists. Debtor's obligation to pay the Total Amount Due is absolute and unconditional.

The original payment due date was [____________]. Since that date, Creditor has transmitted the following notices and demands without receipt of full payment: (a) [first notice / invoice] sent on [____________]; (b) [follow-up notice / statement] sent on [____________]; (c) [final notice prior to this letter] sent on [____________]. [Debtor has made partial payment(s) as follows: $__________ on ____________; $__________ on ____________; leaving a remaining balance of $__________.] [No payment has been received.] Despite Creditor's repeated good faith efforts, the Total Amount Due remains outstanding.

The outstanding balance has continued to increase due to the accrual of contractual interest at [____]% per annum (or the maximum rate permitted by applicable law) and late fees as provided under the terms of [the agreement / applicable law / Creditor's standard terms and conditions]. Interest continues to accrue daily on the unpaid principal balance at the rate of [$__________] per day. Creditor reserves the right to add any additional interest, late fees, and costs that accrue between the date of this letter and the date of full payment.

DEMAND IS HEREBY MADE for immediate payment in full of the Total Amount Due of [$__________]. Payment must be received by Creditor on or before [____________] (the "Payment Deadline"). Payment must be made by [certified check / cashier's check / wire transfer / ACH electronic funds transfer] as follows: [Wire/ACH: Bank Name: ____________, Routing No.: ____________, Account No.: ____________, Account Name: ____________ / Check payable to: ____________, mailed or hand-delivered to: ____________]. Please reference [Invoice No. / Account No. / Claim No.] [____________] with your payment.

If you wish to dispute any portion of the Total Amount Due or propose a payment arrangement, you must contact Creditor in writing at [____________] prior to the Payment Deadline. Any payment plan must be agreed upon in a signed written agreement prior to the Payment Deadline. Creditor is under no obligation to accept a payment arrangement and reserves the right to reject any such proposal. Debtor's payment of a lesser sum than the Total Amount Due, without Creditor's prior written acceptance of such lesser sum as full satisfaction, shall not constitute accord and satisfaction or otherwise discharge Debtor's obligation to pay the full Total Amount Due.

If full payment of the Total Amount Due is not received by the Payment Deadline, Creditor will, without further notice, pursue all available legal remedies to recover the Total Amount Due, including: (a) filing a lawsuit against Debtor in a court of competent jurisdiction seeking judgment for the Total Amount Due, plus pre-judgment interest, post-judgment interest, court costs, service of process fees, and reasonable attorneys' fees as permitted by the underlying agreement and applicable law; (b) upon entry of judgment, pursuing all post-judgment collection remedies, including wage garnishment, bank account levy, seizure and sale of personal and real property, and the recording of judgment liens against Debtor's real property; and (c) reporting the delinquency to consumer and/or commercial credit reporting agencies.

Debtor is advised that a judgment entered against Debtor may remain on Debtor's credit report for up to [seven (7) / ten (10)] years and may adversely affect Debtor's ability to obtain credit, employment, housing, and other opportunities. The cost and inconvenience of litigation, together with the accrual of additional interest, fees, and costs, make it in Debtor's best interest to remit full payment immediately. Creditor is prepared to file suit and has authorized its counsel to proceed without further notice if full payment is not timely received. This demand is made without waiver of any rights or remedies, all of which are expressly reserved.