Dear [Debtor's Name], RE: FINAL NOTICE BEFORE LEGAL ACTION — DEMAND FOR PAYMENT We hope this letter finds you well. This communication serves as our final notice before taking legal action regarding the outstanding debt owed to [Your Company/Business Name] by you. As you are well aware, on [insert date], you entered into a legally binding agreement with our company, wherein you agreed to [description of goods/services rendered]. The total outstanding balance due, as of the writing of this letter, amounts to [amount owed], including all fees and charges as specified in the terms of the agreement. Despite repeated attempts to resolve this matter amicably, it has come to our attention that the payment still remains overdue. Ignoring our previous reminders and subsequent attempts to contact you have left us with no alternative but to proceed with legal action to recover the amount owed to us. We want to emphasize that we have made every effort to avoid litigation, as it is costly and time-consuming for both parties involved. However, we cannot stand idle while our financial interests are at stake. This final notice is a final opportunity for you to settle the debt voluntarily before we pursue legal remedies. To avoid the potential consequences that may arise from a legal dispute, we urge you to take immediate action and remit the full payment of [total outstanding balance] by [deadline — typically within 14 days from the date of this letter]. Please note that accepting partial payments will not release you from your legal obligation, and any such payment will be applied towards the amount owed with the understanding that full payment is expected thereafter. In the unfortunate event that we must resort to legal action, please be aware that this may entail additional costs, including attorney fees and court expenses. Moreover, it may negatively impact your credit rating and result in damaged business or personal relationships. To resolve this matter without further escalation, please proceed with the following options: Option 1: Make a payment via [accepted payment methods: check, online transfer, credit card] to the following account: Bank Name: Account Name: Account Number: Routing Number: Option 2: Contact our office at [phone number] to discuss suitable payment arrangements that can be made to settle this outstanding debt promptly and amicably. Your immediate attention to this matter is imperative. Failure to respond to this final notice within the specified timeline will leave us no choice but to initiate legal proceedings against you without any further notice. We strongly urge you to consider the implications of legal action and resolve this matter by remitting the payment as requested. We believe it is in the best interest of both parties to expedite the resolution of this issue, preserving our business relationship and avoiding costly and unnecessary litigation. Thank you for your prompt attention to this matter. Yours sincerely, [Your Name] [Your Title/Position] [Your Company/Business Name] [Your Contact Information]