Final letter to chase an overdue payment

What's a final letter to chase an overdue payment and when do you need it?

This is the final complaint letter in our credit control process where one business owes another business money. It is the third template letter in our series.

It is not prepared as a letter before action (the formal letter that initiates a formal legal process), which would normally follow after this stage.

You can use this template letter to chase a debt owed to you by another business, but it would also be fine to use it where a consumer owes you money. However, our expert partners strongly encourage you to only send this letter once you’ve sent our initial letter of complaint about money owed to you by another business (or consumer), and subsequently, our second letter of complaint about money owed.