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7 Day Demand Letter
"Need a 7 Day Demand Letter to recover an unpaid invoice of SGD 25,000 from a manufacturing supplier who has ignored previous payment requests, with a deadline of March 15, 2025, including late payment interest charges of 5.5% per annum."
1. Recipient Details: Full name and address of the debtor, including any reference numbers or account details
2. Debt Description: Clear description of the debt amount, its origin, and the basis for the claim
3. Payment History: Brief summary of previous payment attempts, communications, and current outstanding balance
4. Demand Statement: Formal demand for payment including the exact amount and 7-day payment deadline
5. Legal Consequences: Statement of intended legal action if payment is not received within the specified timeframe
1. Interest Calculation: Details of any interest being claimed on the outstanding amount, including calculation method and legal basis
2. Settlement Options: Alternative payment arrangements or settlement proposals that may be considered
3. Security Details: Information about any security held against the debt and potential enforcement actions
4. Without Prejudice Statement: Statement preserving legal rights and positions in case of future legal proceedings
1. Statement of Account: Detailed breakdown of the debt amount, including principal, interest, and any other charges
2. Original Agreement: Copy of the original contract or agreement giving rise to the debt
3. Payment Records: Documentation showing payment history and previous correspondence
4. Interest Calculation Schedule: Detailed calculation of interest claimed, if applicable
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