This review list is intended to educate you about this document and to aid you in its preparation. This is a sales letter in part. A bad check denotes someone who is living recklessly. They made an attempt to pay but simply lacked the financial capacity to do so. This clearly indicates that they are under duress and constrained in general. Your message should persuade them to prioritize you over other creditors who may be pursuing payment as well.
Most inadequate funds checks are repaid. Thus, if you play your cards well, you can have the check writer both pay you the money and express gratitude for your prudence. This is the appropriate card to play at this point. If you are not paid, you may proceed to plan B, the Final Notice, which includes a threat of collection in Small Claims Court.
- Sign the letter. If you are acquainted with the signor personally, you may choose to jot out a brief message or phone them to alert them of the issue. In this case, you will know how to proceed more effectively. If you do not know them personally, a kind but stern letter is usually the best course of action.
- The beauty of a letter is that it allows the recipient to reclaim their dignity by repaying the obligation without having to confront you physically. This is typically the best course of action if you have a flaky debtor who is up and down, but not a significant concern.
- Separate the original from the correspondence in a separate file. If you are needed to file for collection, this ensures that you are prepared and ready in advance. Courts adore paper; therefore, gather and docket it.
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Bad Check Notice-First Notice
Dear Sir or Madam:
Your check # ___________, dated _______________, drawn by you for $ ___________, and payable to ______________________ has been returned by your bank or financial institution unpaid. They state the cause was for insufficient funds.
Please replace this check immediately with cash, credit card, or a bank check for the original amount of the check plus the standard return check fee of $___________, for a total amount of __________________.
After receipt of your replacement payment, we will return your old check. When you make the replacement payment, your old check will be returned to you.
Please forward your payment to the above address. Please either bring your payment to us today or send it out today. Thank you for your prompt attention to this matter of concern to both of us.
Individual or Company Representative
Enc. Copy of Check
Bad Check Notice-First Notice
This review list is provided to inform you about this document in question and assist you in its preparation. This is, in part, a sales letter. A bad check indicates someone living on the edge. They made an effort to pay but just did not have the financial resources to make good on the payment. This undoubtedly means they are under pressure and squeezed in general. Your letter should encourage them to put you at the top of their list, ahead of other creditors, who may be pressing for payment as well.
Most insufficient fund checks are made good. Therefore, if you play your cards right, you can have the check writer both pay the amount to you and be grateful to you for your reasonableness. This is the card to play at this stage. If you do not get paid, then go to plan B, the Final Notice, threatening collection in Small Claims Court.
1. Sign the letter. If you know the signor individually, then you may want to jot down a brief note or call them to inform them of the problem. In this instance, you will know better how to proceed. If you don’t know them personally, a polite but firm letter usually works best.
2. The beauty of a letter is it provides the recipient a chance to save face by making good on the debt without having to confront you personally. This option is usually a good one for you with a flaky debtor who is up and down, but not a serious problem.
3. Keep the original in a separate file with a copy of the correspondence. If you must file for collection, this gets you ready and prepared in advance. Courts love paper; so collect and docket it.