Second Payment Reminder Letter

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What is it?

A Second Payment Reminder Letter is a document used to recover a debt that is owing to you or your business after you have already issued a First Payment Reminder Letter. This letter serves as a follow up reminder, and the tone of this letter can be more direct than the first.

Why do you need it?

To minimise the amount of valuable time and effort you spend chasing late payments, you should consider using the Second Payment Reminder Letter as part of a structured credit control process.

This letter allows you to follow up your initial communication in a professional way and ensure you keep a suitable record should the matter need to be progressed further.

Key clauses to watch for:

When drafting a Second Payment Reminder Letter, it is important to focus on a number of key clauses, in particular:

  • Amount owing (the debt);
  • Date the debt owing should have been paid;
  • Whether interest is payable on the debt;
  • Calculation of the amount of interest to be paid in total;
  • Calculation of the continuing daily amount of interest charged as long as the debt remains unpaid; and
  • Warning of further action that may be taken if the debt is not paid.

Second Payment Reminder Letter Document

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