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Professional forms for credit management, debt collection, and account disputes. Protect your business and your rights.
A formal demand letter is often the first step in collecting overdue payments. Professional, legally recognized, and effective.
Choose the right form for your credit management or debt collection needs
Formal documents to collect money owed to you and resolve payment disputes professionally.
3 forms available
Request, authorize, and manage the release of credit information for business decisions.
3 forms available
Dispute credit report errors and request business or personal references.
2 forms available
Best for: Overdue invoices, unpaid loans, breach of contract, negotiating partial payment
Best for: Tenant screening, new customers, employment verification, FCRA compliance
Best for: Disputing wrong balances, identity theft corrections, building credit references
Best for: Revolving credit lines, ongoing business lending, flexible borrowing arrangements
A Demand for Payment is a formal written notice sent to someone who owes you money, requesting payment by a specific deadline. It clearly states the amount owed, the reason for the debt, and the consequences of non-payment (such as legal action or credit reporting). This letter serves as an official record that you attempted to collect the debt before taking legal action, which is often required by courts. A professional demand letter frequently results in payment without needing to go to court.
Yes, under the Fair Credit Reporting Act (FCRA), you generally need written authorization from an individual before accessing their credit report. This is called "permissible purpose." Businesses can request credit information for legitimate purposes like extending credit, employment screening (with consent), or insurance underwriting. Our Authorization to Release Credit Information form provides the proper consent documentation you need.
To dispute a credit report error, you should send a written dispute letter to the credit bureau(s) reporting the error. Our Notice to Correct Credit form helps you formally request an investigation and correction. Under the FCRA, credit bureaus must investigate disputes within 30 days and correct or remove inaccurate information. Keep copies of all correspondence and send letters via certified mail for proof of delivery.
A Demand for Payment is typically sent directly by the creditor (the person or business owed money) as a formal first step before involving collection agencies or attorneys. A collection letter is usually sent by a third-party collection agency after the creditor has been unable to collect. Demand letters are less adversarial and often more effective for maintaining business relationships while still asserting your legal rights.
Yes, debt settlement (also called "compromise and settlement") is a common practice. When you use a Disputed Account Settlement form, both parties agree to accept a reduced amount as full payment of the debt. This is legally binding once signed. Creditors often prefer settling for a smaller amount rather than spending money on collection efforts or litigation. Make sure any settlement agreement is in writing and clearly states the debt is satisfied in full.
A Line of Credit Promissory Note documents a revolving credit arrangement where the borrower can draw funds up to a maximum limit, repay, and borrow again. Unlike a standard promissory note for a fixed loan amount, a line of credit is flexible—the borrower only pays interest on the amount actually borrowed. This is commonly used for business working capital, personal credit lines, or ongoing business relationships where credit needs vary.