Demand Future Payments by Certified Check

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Date and Debtor Information

{{date}}

{{debtor_name}}

{{debtor_address}}

Attention: {{debtor_contact_person}}

Subject

DEMAND FOR FUTURE PAYMENTS BY CERTIFIED CHECK

Outstanding Account Details

Dear {{debtor_contact_person}},

This letter serves as a formal demand regarding your outstanding obligations to {{company_name}}. Our records indicate that your account, number {{account_number}}, has a history of payment irregularities, including bounced checks or delayed remittances, which has resulted in financial inconvenience and administrative burden for our company. The total outstanding balance as of {{date}} is {{currency}}{{total_outstanding_balance}}.

Demand for Certified Check Payments

Effective immediately, and for all future payments pertaining to account number {{account_number}}, we hereby demand that payment be made exclusively by certified check or bank draft. This requirement is implemented to ensure the timely receipt of cleared funds and to mitigate further risks associated with non-sufficient funds (NSF) checks or other payment disputes.

All certified checks should be made payable to {{company_name}} and sent to the following address: {{company_payment_address}}. Please ensure that the account number {{account_number}} is clearly referenced on all payments to ensure proper allocation.

Payment Schedule and Due Dates

The next payment, in the amount of {{currency}}{{next_payment_amount}}, is due on or before {{next_payment_due_date}}. Subsequent payments will be due according to our agreed-upon schedule on file, and all these payments must adhere to the certified check requirement as outlined above.

Failure to adhere strictly to this payment method and schedule will be considered a breach of our payment terms and may result in further action, as detailed below.

Consequences of Non-Compliance

Please be advised that any payment received by methods other than a certified check, or any certified check that is dishonored, will not be considered a valid payment. In such events, the payment will be returned, and the outstanding amount will remain due, potentially incurring additional late fees as per our standard terms and conditions({{late_fee_details}}).

Furthermore, continued failure to comply with these payment terms may result in the immediate revocation of any credit facilities, referral of your account to a third-party collection agency, legal action to recover the outstanding debt, and reporting to credit bureaus, which may negatively impact your credit rating.

Contact Information

We urge you to contact us immediately at {{phone}} or {{email}} to discuss any difficulties you may be experiencing in meeting these revised payment terms or to arrange for the settlement of your outstanding balance. Our goal is to resolve this matter amicably and ensure continuity of our business relationship within established financial guidelines.

Signature Block

Sincerely,

{{signature}}

{{your_name}}

{{your_title}}

{{company_name}}