guarantor final notice

How To Use

Collecting money is more a sales function than anything else. However, this letter goes out when the party has not responded to your first letter.

Since they are stonewalling it, you can now move quickly through the collection process knowing you tried your best to collect in a more amicable fashion.

If you have started this process early in the default stage, then the guarantor may still respond on this second notice. It is our advice that you wait another 14 days, and then proceed expeditiously since you can always have your collection agent or lawyer settle the matter as the process unwinds.

  • Be sure you include the legal warning that all information received will be used to collect a debt. Be sure to orally advise them if you speak with them.
  • Sign the letter and mark 14 days off to send a second demand letter (14 days provides a little extra time for the mail and delays).
  • We recommend the person handling the matter sign the letter personally and include a direct phone line and extension as applicable. The personal touch gets money in the door, in our experience, as well as being a politer way of operating.