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How to Write an Efficient Debt Collection Letter

Etactics

According to the Federal Reserve , the total amount of household debt in the U.S. Luckily, that’s the total amount of debt for every household…so it doesn’t all fall on you (whew). To get the average amount of debt, you take $15.24 To get the average amount of debt, you take $15.24 reached $15.24 households. households.

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4 Effective and Ethical Debt Collection Letter Examples

Etactics

A majority of Americans are in debt. The fact of the matter is that 77% of American households have some kind of debt. The total of any debt in the United States is $14.96 Mortgage loans make up the majority of debt, followed by student loans, then auto loans, and finally credit card debt. Enter: debt collectors.

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8 Past Due Letter Templates That Get You Paid

Etactics

A 2019 study determined that the average American has over $90,000 in debt. The debt landscape is so bad right now that some can’t afford our medical bills. Those statistics are the result of a grim reality we face with debt, regardless of which side of the coin you’re on. Collections? That’s a scary word. Timing Matters.

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5 Friendly Overdue Invoice Letters That Convert

Etactics

If you’re an “average” American, you would have over $90,000 in debt. Yet, it’s the reality of the debt landscape that many of us face. Even if your business doesn’t focus on the direct-to-consumer market, your clients likely still have a mountaintop of debt to climb. The average small business is around $195,000 in debt.

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5 Child Care Invoice Templates That Increase Your Revenue

Etactics

That means that there’s a good chance that your clients could incur more debt. To be more specific, 40% of parents admit to going into debt due to the cost of child care. The image above is two examples of the same sample invoice envelopes from a child care center. The answer to that question is easy…the bottom one. Not so fast.

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5 Chiropractor Invoice Templates That Stretch Your Bottom Line

Etactics

There are a couple of answers to that question that will get answered throughout this blog post. Template 2: What Your Invoices Look Like Matters Let’s say that you already took advantage of the double window and make your logo visible through it…but you’re still sending a lot of overdue balances to collections. So what’s the solution?

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5 Jaw-Dropping Dental Billing Statement Templates That Boost Revenue

Etactics

For example, basic cleaning costs anywhere between $75-$200. Although 41% of Americans look forward to checking their mail every day, the majority of people hold negative sentiments about receiving bills and letters from organizations in the mail. Meanwhile, the example on the right practically screams at you visually.