Debt Settlement Offer to Creditor or Collector - Sample Letter
So, you have a debt that you are willing to settle with a creditor or collector. You wish to pay less than the balance being owed on the debt. Settling your debt is a good idea because you figure that you want to compromise with the creditor or collector regarding the debt, and you figure that it’s also better to do this so that you can avoid litigation.
Draft a letter with your debt settlement offer and hopefully you and your creditor will mutually accept the offer as payment of the debt. Go ahead and copy and paste the sample letter in your favorite text editor or word processor, then modify it to suit your own situation as needed.
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Today’s Date
Your Name
Street Address
City, State, Zip
Attention: {name of collector or collection agency}
Street Address
City, State, Zip
RE: Collection letter dated {date of letter here} or phone call on {date of call here} reference account #: {account or reference number}
Dear Mr./Ms. {Collector’s or Collection Agency’s Name}
I do not agree that I owe as much as you claim I owe on the above referenced account. In an effort to save both of us a great deal of time and expense I am offering to settle this account for $ _______.
If you accept my offer, please send written confirmation to my address listed above. Once I receive your written confirmation, I will mail payment to your organization within five business days. If you wish to discuss this settlement offer, I can be reached at (insert daytime phone number with area code). However, please understand that I will not make any payment until receiving written confirmation that you accept my offer.
Sincerely,
Your Signature above your printed name
Your Printed Name
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NOTE** Please make sure you send this Debt Settlement Offer letter using “return receipt request or registered mail”. Make sure you also keep a copy of the letter for your own records.
Posted under credit repair, debt collectors, debt consolidation, fix bad debt, sample credit repair letters
This post was written by fixbadcredit
