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The Debt Collection Final Notice Letter is a crucial document in the Philippine debt recovery process, typically issued after multiple unsuccessful attempts to collect payment. It represents the final step before initiating legal proceedings against the debtor. This document is essential when previous collection attempts have failed and the creditor needs to establish a clear record of due diligence before pursuing legal remedies. The letter must comply with Philippine legislation, including the Civil Code, Truth in Lending Act, and BSP regulations on fair debt collection practices. It should contain comprehensive information about the debt, including the original amount, current balance with authorized interest and penalties, payment history, and a clear deadline for response. The document is designed to protect both creditor and debtor rights while facilitating debt resolution under Philippine jurisdiction.

1. Recipient Information Block: Complete name and address of the debtor, with the date and reference number of the notice

2. Subject Line: Clear indication that this is a Final Notice for Payment of Outstanding Debt

3. Debt Details: Specific amount owed, original debt date, and current balance including any authorized interest or penalties

4. Payment History: Summary of previous payment demands and communication attempts

5. Legal Basis: Reference to the underlying contract or obligation creating the debt

6. Demand for Payment: Clear statement of the amount required and the final deadline for payment

7. Consequences of Non-Payment: Description of legal actions that will be taken if payment is not received

8. Payment Instructions: Detailed information about acceptable payment methods and where/how to make the payment

9. Contact Information: Clear details of who to contact for questions or to arrange payment