Demand Letter for Money Owed (Free Sample)
Use this sample demand letter for money owed as a template for your formal demand letter.
Last updated on July 27th, 2022
Sample Demand Letter for Money Owed
Lender’s phone number
Lender’s email address
Dear Mr/Ms Recipient’s Name,
This letter is in regards to a loan that I made to you in the amount of $500 on DATE for the down payment of your new car. At that time, we agreed that this loan was to be paid in full by DATE.
As of today, DATE, you have not given me any payments towards this loan. It has been one year since the loan was to be repaid in full. I request that, on the receipt of this letter, you repay the amount in full.
If I do not receive payment in full before the end of this year, I reserve the right to take further legal action to recover the amount of the loan without further notice to you.
This letter may be given in evidence in court of your failure to pay. If it becomes necessary to go to court, I will expect you to pay the applicable interest, filing and attorney’s fees, and any other related costs.
I will be happy to answer any questions you may have if you call me at 555 1234.
Your immediate attention to this matter will be appreciated.
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By Andre Bradley