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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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Copyright © Horizons Unlimited Group
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