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Five Day Demand Letter
"I need a Five Day Demand Letter to recover £15,000 in unpaid consulting fees from a client who has ignored our previous three invoices, and I want to include both statutory interest and late payment charges in the demand."
1. Sender Details: Full name, address, and contact information of the creditor
2. Recipient Details: Full name, address of the debtor
3. Debt Details: Amount owed, origin of debt, date incurred
4. Payment Demand: Clear statement of amount required and 5-day deadline
5. Payment Instructions: How and where to make payment
6. Legal Consequences: Statement of intended legal action if payment not received
1. Interest Calculation: Include when claiming statutory interest under Late Payment of Commercial Debts (Interest) Act 1998
2. Previous Communications: Reference to prior payment requests and correspondence history
3. Payment Plan Option: Optional section offering to discuss payment arrangements if full immediate payment cannot be made
1. Original Invoice: Copy of unpaid invoice(s) evidencing the debt
2. Statement of Account: Detailed breakdown of debt including any charges and interest calculations
3. Contract Extract: Relevant terms from original agreement establishing the debt obligation
Authors
Debtor
Due Date
Outstanding Amount
Original Invoice
Payment Terms
Interest Rate
Late Payment Charges
Business Day
Default Notice
Legal Proceedings
Original Contract
Statement of Account
Payment Instructions
Statutory Interest
Collection Costs
Due Debt
Payment Period
Notice Period
Reasonable Costs
Payment Demand
Payment Terms
Interest Calculation
Late Payment Charges
Payment Method
Deadline Compliance
Legal Action Warning
Cost Recovery
Payment History
Default Notice
Breach of Contract
Statutory Rights
Dispute Resolution
Contact Details
Payment Instructions
Response Requirements
Legal Consequences
Settlement Terms
Debt Recovery Process
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