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S U B S C R I B E

Collections Report on Current Status of Debt

S A M P L E

[Date]

[Addressee]

Dear [Name]:

Account Name:
Street:
City: 
State, Zip:

WE REPORT AS FOLLOWS:

A.  DEBTOR'S ATTITUDE:
     1. Promises to pay later
     2. Ignores requests
     3. Disputes claim
     4. Refuses to pay
     5. Claims account is paid
B. DEBTOR'S FINANCIAL STATUS:
     6. Doing part time work 
     7. Working on commission
     8. Out of work. Rechecking regularly                      
     9. On relief
    10. Earnings exempt; no other attachable assets
    11. Heavily in debt
    12. Debtor ill and without funds
    13. In military service
C.  CURRENT ACTIVITY:
    14. Trying for a compromise
    15. Rechecking for assets to justify legal action ability to pay.                   
    16. Debtor deceased; checking for estate
    17. Claims returned merchandise on [date]
    18. Suit filed; still pending
    19. Judgment obtained. Attorney trying to execute                   
    20. Skip--trying to locate. Can you help?
    21. Claims paid to you on [date]. Please confirm payment.          
    22. Claim in hands of our representative in debtor's area. 
          We are requesting report
    23. Just received a payment of $
    24. We are making a final effort for you
    25. Just relocated at new following address:
    26. Lives in remote district:
        hard to contact personally
    27. Debtor is a minor. Trying for settlement
    28. Debtor judgment-proof; recovery doubtful
D. ACTION RECOMMENDED:
    29. Voluntary collection not possible. Recommend suit
          a) furnish 4 copies of itemized statements indicating 
              date, amount of each payment
          b) Original papers
          c) Counsel must have legal identity of Creditor 
              in order to proceed.
    13. In military service

INDICATE IF:
A corporation--where?
A partnership-full names of all--
Individually owned--

E.  ACCOUNT CLOSED:  [Date]
    30. Skip--cannot locate
    31. No assets-hopeless. Legal action not recommended
    32. Per your request
    33. Subject refuses to pay or compromise, too small for suit
    34. Bankruptcy, no assets
    35. Outlawed.  Refuses to pay or compromise.
    36. Deceased. No estate. Family won't assist
    37. Exhausted all collection efforts - uncollectable.


Yours very truly,

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