When a debtor fails to honor a negotiated repayment of a debt, most businesses change how they approach the account. For most. the pursuit of repayment enters into a "collection" process. Collections is a catch-all phrase that includes in-house attempts for payment, as well as the use of outside parties.

The Collections forms we have assembled here are for use by individuals or entities when attempting to legally collect a debt. Popular Collection forms include:

• collection of payment letters (these letters will range in tone and seriousness depending on which stage of the collection process you are in);
• assignment and appointment to collections;
• demands for payment; and
• settlement agreements.