Debt-n-Credit Letters.com


You are about to send your last payment and want to ensure the creditor or collector knows it's your final payment.

Just marking "Final Payment" or "Paid in Full" on your check may not be legally sufficient enough to relieve you of the debt if the creditor or collector claims the account does not have a zero balance. Rather than risk additional costs, consider sending a letter that informs the creditor or collector that you intend to send a final payment in thirty days. If after 30 days you do not receive a response, you can assume the creditor or collector agrees with you.

Send your final payment marked paid in full and if the creditor or collector fails to respond but cashes your payment, you'll be on solid ground should they decide to take you to court. Use the free sample final payment warning letter below to draft your own letter that can be used to inform creditors and collectors of your final payment.

CAUTION: Owing $1,000 and sending a payment for $10 marked "Paid in Full" will not only not work, it's unethical. Act in "good faith" and send a final payment warning only when you truly believe your next payment will pay off the debt.

Feel free to copy and paste the letter below into your word processor or, fill the Final Payment Warning form and I'll send you a free copy. I send letters within minutes of receiving requests for them.

Common reasons why you may not receive the letter:

  1. You're Spam filters ate it;
  2. You're Email address is wrong;
  3. You're Inbox is full or reached it's size limit;
  4. You're Server is slow or down for maintenance

Most people receive my letters within minutes of their request however, some email servers can be slow at times, especially during peak hours so it may take just a few minutes or as long as several hours before the document arrives in your E-mail in-box.

Final Payment Warning
Please fill in all fields marked with a *

Email

*


Privacy Policy

First Name

Last Name

Free Sample Final Payment Warning Letter

Today's Date

Your Name
Home Address
Phone Number

Attention: {name of creditor or collector}
Name of Agency
Agency Address

Account Number: {account or reference number}

Dear Mr. /Ms.

My records show the balance on the above referenced account to be $_______. This letter is to inform you that in 30 days from the date of this letter I intend to send a final payment for that exact amount and mark the instrument "Paid in Full".

If you disagree with my calculations, I expect to receive a written explanation from you before 30 days otherwise I will assume you agree with my calculations and will accept my final payment and, after cashing my final payment show my account as zero balance.

If you have any questions concerning this matter, I can be reached at {insert daytime phone number and area code}.

Sincerely

 

Signature just above printed name
Your Printed Name

IMPORTANT: Always send final payment warning letters by "official mail - return receipt requested" and keep a copy for your records.

If you've fallen behind on your bills, especially credit cards, don't panic. You may have several good options available to you. Your success starts by assessing your current situation and finding a trusted service provider that is licensed in your state.
How iDebtAssistance.com Works:

 

Rich's Enterprises, L.L.C., Prattville, Alabama
Legal Disclaimer | Sitemap | Privacy Policy | Search Site

Debt-n-Credit Home >> Final Payment Warning Letter