Sample letters from the Department of Revenue, sent to businesses or taxpayers who wish to enter into a payment agreement for back taxes. 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. Money Owed Demand Letter – Strictly for debts or outstanding balances. Access a free sample of late payment letter template at 360 Legal Forms. Discover free legal forms and printable templates for individuals and businesses. Fill out a simple, secure Demand Letter questionnaire and Courtlinked handles all the legal form filing work. Drafts your demand letter Philadelphia. How To Write A Formal Demand Letter For Payment And Money Owed To Clear Outstanding Debt? A demand letter is also called a debt collection letter.