Money Owed Demand Letter – Strictly for debts or outstanding balances. As the payment is now overdue, we kindly request your immediate attention to settle the outstanding balance.This article provides a template for a debt settlement proposal letter and explains what a debt settlement letter should contain. Request an action or payment from another party with our Demand Letter form. State your demands and customize your letter today. What should be included in a demand letter? Access a free sample of late payment letter template at 360 Legal Forms. Discover free legal forms and printable templates for individuals and businesses. We've created ready-to-use collection letter templates. Read on below to find out what every letter should say in order to collect payment as soon as possible.