Demand Letter
A demand letter serves as a final notice for payment or other requests. When composing the letter, the party making the demand aims to encourage prompt payment, often by offering incentives such as a reduced amount for immediate payment. Alternatively, there may be a mention of escalating the matter to a professional debt collection agency, potentially impacting the debtor's credit score. If the amount falls within the state small claims court limit, which varies but ranges from $2,500 to $15,000, pursuing this option may be viable.
