The Bad Debt Collection Letter is a crucial document in the debt recovery process, typically used when previous attempts to collect payment have been unsuccessful. This document is designed to comply with Australian legislation, including the Australian Consumer Law, Privacy Act 1988, and the ACCC/ASIC Debt Collection Guidelines. It serves as a formal written demand for payment and is often the final step before legal action is considered. The letter must include specific information such as debt details, payment terms, and the consequences of non-payment while avoiding any harassment or undue pressure on the debtor. It's essential that the content and tone remain professional and comply with all relevant Australian regulations regarding debt collection practices.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Sender Details: Full business name, address, contact information, and any relevant license numbers of the collecting entity
2. Date: Current date of the letter
3. Recipient Details: Debtor's full name and current address
4. Subject Line: Clear identification of the letter's purpose - 'FINAL NOTICE: Outstanding Debt Collection'
5. Debt Information: Details of the original debt, including account number, original amount, interest accrued, and current total
6. Payment Demand: Clear statement of the amount required and payment deadline
7. Payment Methods: Available payment options and detailed instructions for making payment
8. Legal Compliance Statement: Statement of compliance with debt collection laws and regulations
9. Consequences of Non-Payment: Legal and professional description of next steps if payment is not received
1. Previous Communication Reference: Reference to prior attempts at collection, used when multiple notices have been sent
2. Payment Plan Options: Include when willing to offer flexible payment arrangements
3. Dispute Resolution Process: Information about how to dispute the debt, included when required by jurisdiction or circumstances
4. Interest Calculation Breakdown: Detailed breakdown of how interest has been calculated, used for larger debts or when specifically requested
5. Third-Party Authorization: Information about acting on behalf of the original creditor, used when collecting as a third party
1. Statement of Account: Detailed breakdown of the debt, including original amount, interest, fees, and payments made
2. Copy of Original Agreement: Copy of the contract or agreement that led to the debt
3. Payment History: Record of all payments made and missed payment dates
4. Interest Calculation Schedule: Detailed breakdown of how interest has been calculated and applied
Find the exact document you need
Global Debt Recovery Letter
An Australian-compliant formal letter template for international debt recovery, incorporating legal requirements and enforcement mechanisms under Australian law.
Download
Bad Debt Collection Letter
A formal payment demand letter compliant with Australian debt collection laws, used to recover outstanding debts from debtors.
Download
Loan Recovery Letter
An Australian-compliant formal demand letter seeking recovery of outstanding loan amounts, issued by creditors to debtors in default.
Download
Debt Collection Letter
An Australian-compliant formal letter demanding payment of an outstanding debt, including debt details, payment requirements, and debtor's rights.
Download
Debt Collection Validation Letter
An Australian-compliant formal notice that validates a debt claim and informs debtors of their rights under Australian consumer protection laws.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it