Document background
The Past Due Invoice Collection Letter is a crucial document in the debt recovery process under English and Welsh jurisdiction. It is typically used when payment for goods or services remains outstanding beyond the agreed payment terms. The letter serves multiple purposes: it formally documents the collection attempt, establishes a clear payment deadline, and can be used as evidence in subsequent legal proceedings if necessary. The document must balance assertiveness with compliance with UK debt collection regulations, including FCA guidelines and the Late Payment of Commercial Debts (Interest) Act 1998. It's an essential tool for maintaining cash flow and managing accounts receivable effectively.
