13. Collection letter should be written with the assumption that most of the
people will:
a. Pay
b. Ignore
c. Not pay
d. Delay
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Answer:
Pay
Explanation:
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Collection letters should be written with the assumption that most of the
people will pay. (Option A).
- A collection letter serves as a form of written notification to remind and inform about the outstanding amount of payment to the customers or borrowers.
- A collection letter, as a form of a polite way of reminder, helps the debtor to clear their dues before it is late.
- There are four types of collection letters- ultimatum collection letter, inquiry collection letter, appeal collection letter, and reminder collection letter.
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