In any event, make sure to document this exchange in writing. There are several benefits that this template can offer to you. This will help you in getting your money on time. The Demand Letter is the first time that the other will recognize that you are critical about accumulating the money that is due and that you will take it to a courtroom if the need arises. Anyone who wants their money back can take advantage of this. It will be taken into consideration as a proof of a bonafide try and settle the problem outside the courts.