Statutory Letters Disclaimer

Our letters have been compiled by a credit management professional. However, they are supplied to you as a guide only and no liability is accepted by the pay on time website, its members, servants or agents for any loss or liability incurred by anyone making use of any or all of them. You should consult your financial or legal advisers who know your business in detail, for advice on how they should be tailored to your needs.

Letters and Forms

Use your sales documentation [such as estimate forms, order acknowledgments and delivery notes] to remind your customers of your Terms of Trade by printing them clearly on the reverse.

• Request and consent form for bank reference
• Application for bank reference letter
• Credit application form
• Letter confirming the amount of credit available
• Estimate form
• Initial invoice
• Letter agreeing payment by instalments
• Letter acknowledging dispute of invoice
• Letter informing a debtor that statutory interest and compensation for debt recovery costs will be charged on an existing debt
• Letter informing a debtor that statutory interest and compensation for debt recovery costs will be charged on all future orders
• Letter informing a debtor that contractual interest will be charged
• General reminder letter 1
• General reminder letter 2
• Final reminder letter
• Information required when instructing a solicitor to begin legal proceedings
• Letter advising the appointment of a collection agency

Footnote

These letters are provided by the Institute of Credit Management and were produced by Bruce Bosworth, Fellow of the Institute of Credit Management, who is a credit management consultant and trainer. Bruce's e-mail address is This e-mail address is being protected from spambots. You need JavaScript enabled to view it