Sample Debt Settlement Offer Letter

Posted on February 16, 2008
Filed Under debt |

by natashalcd

Your Name

Your Address

Your Phone number

Date

Creditor Name

Creditor Address

RE: Collections Letter dated __________on Account #_________________

Dear Sirs,

Due to ___________________________, I have been unable to make payments on my account with you. In order to save both of us time and expense, I would like to make arrangements to settle this account.

In an effort to salvage some vestiges of my credit score, I would like to have the account reported as Paid as Agreed, Closed by Consumer.

The last statement that I received from your organization dated ________ showed a balance due of ____________, and I will be able to send you a Cashier’s Check in the amount of _____________ within 5 days of receiving the written agreement from your organization.

In accepting this settlement offer, your organization agrees to:

¨ Report debt as Paid as Agreed, Closed by Consumer

¨ Accept _________ as payment in full for the account.

I agree to:

¨ Send Cashier’s Check in the amount of _________ within 5 days after receiving the written acceptance of this offer.

If you wish to discuss this further, I can be reached by phone at ______________ between the hours of _______________________. However, please understand that I will make no payments until I receive written confirmation that you accept my offer.

Sincerely,

Your Signature

Your Typed Name

The book that has helped me in negotiating my debt settlements is called Good Credit is Sexy and it can be purchased here. Order the Book!