A letter of demand is a crucial first step in the debt recovery process. It serves as a formal request for payment, outlining the details of the debt and the consequences of non-payment. This letter is typically sent after informal attempts to recover the debt have failed and gives the debtor a final opportunity to settle the matter before legal action is pursued. In this article, we explore the key elements of a letter of demand, when to send it, and how it can help you recover owed money without the need for costly court proceedings.