Giving a Final Notice to a Debtor

An effective Final Notice or Overdue Account Letter is an essential component of every business' Debtor Management Procedure.

For a free Sample Debtor Management Procedure download our "6 Steps to Improving Cashflow: A Guide to Better Credit Management"

Your Overdue Account Letter will be more effective if you make business contracts that:

  • Include a right to recover enforcement costs in addition to the debt, should external collection action be required,
  • Create personal guarantees and other security for payment over land and personal property.
  • When a debtor becomes aware that you intend to invoke these rights it will often prompt them to reprioritise their liabilities and make payment to your business.

If you have any questions please do not hesitate to call us on 1300 530 743 We will gladly take the time to discuss your business and answer your questions.

6 Steps to Improving Cash Flow...

Download our Guide to Better Credit Management