Notice of Past Due Account - Final Notice


Overview
- The Final Notice of Past Due Account is the third and final notice to send to a buyer that has not paid an invoice.
- Business Attorney also provides a First and Second Notice of Past Due Account.  These provide an increasingly stronger message to the buyer that the invoice amount must be paid.  
- This final notice will alert the buyer that drastic action is about to be taken.   Referral to a collection agency can affect a buyer's credit worthiness; reputable buyers will want to avoid this.
- While this final notice letter suggests that the account will be immediately referred for collection, you may want to wait a few days before taking any action.  A delinquent buyer may quickly pay off the account, rather than face collection.
- After waiting a few days for collection, you will need to consider what further action you want to take.  You may refer the account to a collection agency that will, subject to your direction, collect as much as possible and retain a fixed amount as a commission.  
- Many attorneys specialize in collection work, and will collect the account on the same sort of contingent fee basis.

When You Need It
- To provide final notice that the buyer's account is overdue.  It advises the buyer that prompt payment is required or the account will be turned over to a collection agency.
- Send this letter to a buyer who has not paid their account.  This should be the third and final notice sent to a delinquent customer.  
- Use it only after you have sent both the First Notice of Past Due Account and the Second Notice of Past Due Account.  With this final notice, you are notifying the buyer that you will no longer pursue efforts to amicably collect the amount due.


Getting Started

You will need:
- Name and address of the buyer.
- Number of the overdue invoice and the amount due.
- Date of the first notice of past due account.

When to Review and Revise 
- To correct the information contained in the notice.
- To draft another past due notice.