What is a demand letter?

A demand letter is a written letter typically used in Louisiana debtor and creditor law. This letter is used when a creditor wants the debtor to pay a debt that is owed. The demand letter will usually list the creditor’s legal rights and ask for a specific action to be taken, such as paying the debt in full or entering into a payment plan with the creditor. The demand letter will usually list facts related to the debt, such as the amount owed, the date the debt was incurred, and the consequences of not repaying the debt. The demand letter should also include any evidence of the debt, such as a copy of the contract or agreement, if available. The letter should also be sent via certified mail, as proof that it was sent to the debtor and received by the debtor. If a creditor fails to timely pursue the debt, or fails to properly provide a demand letter, they may lose the right to collect the debt. It is important to follow debtor and creditor law when sending a demand letter and to consult with a lawyer if needed.

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