Categories: Business Letters

Collections Report on Current Status of Debt

TO:

FROM:

 

WE REPORT AS FOLLOWS:

25. Just relocated at new

address;—following

A. DEBTOR’S ATTITUDE: 26. Lives in remote district:

1. Promises to pay later hard to contact personally

2. Ignores requests 27. Debtor is a minor. Trying

3. Disputes claim for settlement

4. Refuses to pay 28. Debtor judgment-proof;

5. Claims account is paid recovery doubtful

 

B. DEBTOR’S FINANCIAL D. ACTION RECOMMENDED

6. Doing part time work 29. Voluntary collection not

7. Working on commission possible. Recommend suit.

8. Out of work. Rechecking a) furnish 4 copies of

regularly. itemized statements

9. On relief. indicating date, amount

10. Earnings exempt; no other of each payment.

attachable assets. b) Original papers

11. Heavily in debt. c) Counsel must have legal

12. Debtor ill and without identity of Creditor in

funds. order to proceed.

13. In military service.

 

C. CURRENT ACTIVITY INDICATE IF:

14. Trying for a compromise A corporation–where?

15. Rechecking for assets to A partnership–full

justify legal action or names of all–

ability to pay. Individually owned–

16 Debtor deceased; checking Full name of individual?

for estate.

17. Claims returned merchandise E. ACCOUNT CLOSED:

on ___________________

18. Suit filed; still pending 30. Skip–cannot locate

19. Judgment obtained. Attorney 31. No assets–hopeless

trying to execute Legal action not

20. Skip–trying to locate recommended.

Can you help? 32. Per your request.

21 Claims paid to you on 33. Subject refuses to

_______________Please pay or compromise,

confirm payment. too small for suit.

22. Claim in hands of our 34. Bankruptcy, no assets

representative in debtor’s 35. Outlawed. Refuses to

area. We are requesting pay or compromise.

report. 36. Deceased. No estate.

23. Just received a payment of Family won’t assist.

$_________________ 37. Exhausted all

24. We are making a final collection efforts.

effort for you. Uncollectable.

 Collections Report on Current Status of Debt

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