Final Notice Letter (Overdue Invoice)
This Final Notice Letter is used to formally request a customer to make a payment on an outstanding debt.
(0 reviews)
Last updated December 20, 2024
Under 10 minutes
Suitable for Australia
Written by
Edwin Montoya Zorrilla
Reviewed by
Damin Murdock
Document Overview
Use this Final Notice Letter after a person or business has failed to pay an invoice by the required due date and you want to request payment and ask them when to expect a payment. It is typically sent after several attempts to collect payment have been made, such as sending reminder letters or making phone calls. They are an important step in the debt collection process, as they provide a clear and formal warning that action may be taken if payment is not received.
The Legal Risk Score of a Final Notice Letter (Overdue Invoice) Template
Our legal team have marked this document as low risk considering:
- Nothing in this document is legally binding.
- It can be one of multiple strategies used against the offending party.
- The document does not specify what the further action involves if the payment is not made, leaving the recipient unsure about the potential consequences of non-payment.
Final Notice Letter (Overdue Invoice) Checklist
Complete your free Final Notice Letter (Overdue Invoice) with our checklist
Verify Recipient Information
Ensure that the recipient's contact details are correct to guarantee the notice reaches the intended party.
Clarify Payment Details
Include specific details such as the exact overdue days, invoice number, and amount to avoid any ambiguity and ensure the recipient understands what is owed.
Confirm Receipt
Consider requesting a confirmation of receipt to ensure that the notice has been received and is being addressed by the recipient.
What are the benefits of a Final Notice Letter?
- It serves as a final reminder to the debtor that the debt needs to be paid, and can motivate them to take action and settle the debt.
- It provides a written record of the creditor's attempts to collect the debt, which can be useful if legal action is needed.
- A Final Notice Letter is a professional way of communicating with the debtor and can help to maintain a positive relationship between the parties, especially if the creditor intends to continue doing business with the debtor in the future.
- If the creditor decides to take legal action to recover the debt, a Final Notice Letter can be used as evidence that the debtor was aware of the debt and the consequences of non-payment.
Use this Final Notice Letter if:
- You want to formally request payment be made for an outstanding debt; and
- After several unsuccessful attempts, you intend to issue a final notice to recover a debt owed.
What does this Final Notice Letter cover?
- Invoice Date.
- Invoice Number.
- Invoice Amount.
- Number of days overdue.
- Request that contact be made to advise when payment can be expected.
Further information:
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