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Are you unsure how to write a request letter for payment of debt? Then let's refer to the guide on how to write a payment request letter that Mytour has updated and shared below.
Requesting Payment for Overdue Debts
1. Crafting a Payment Request Letter for Debt
- Section (1): Include the full name of the debtor along with their department and the company name. For example: Nguyen Van A, Accounting and Finance Department, Xmedia Company.
- Section (2): Specify the agreement contract number between the parties.
- Section (3): Record the contract signing date.
- Section (4): Specify the name of the requesting company.
- Section (5): Specify the name of the company that needs to make the payment.
- Section (6): Draft the payment request.
- Section (7): Note the agreed-upon clauses. For example, Clause 1, Clause 2.
- Section (8): Mention the date, month, and year of the pre-signed agreement.
- Section (9): Specify the payment contract terms.
- Section (10): Mention the agreed contract value.
- Section (11): Indicate the number of days for payment.
- Section (12): Specify the amount to be paid.
- Section (13): State the name of the requesting company.
- Section (14): Provide the bank account number of the requesting company for payment processing.
- Section (15): Note the bank where the requesting company holds the account.
- Section (16): Specify the bank branch.
2. When is the Payment Request Letter for Debt Used?
Drafting a payment request letter serves as a reminder for the obligated party to fulfill payment obligations according to the agreed-upon schedule. This legally significant document serves as evidence when one party is found to be in violation of contract terms.
Download a template for requesting debt payment to write a professional and legally binding request letter. Additionally, refer to how to write a Request for Advance Payment here.
