Sample debt settlement letter

Sample debt settlement letter

If you are looking for how to write debt settlement letter to get yourself out of debt, bear in mind to choose your words wisely as your agreement letter could be used against you in court. Here’s an brief overview on what you should include along with the letter.

First write your name – address – zip code – today’s date at the top of the letter. Put the collector’s name – address – zip code below followed by your account number for reference.

In the following content, you may write your proposed debt settlement amount and terms.

You have to include maximum amount you are able to pay and only when you receive letter agreeing on your proposed settlement.

(Sender Street Address)

(City, State, Zip Code)

(Creditor Street Address)

(City, State, Zip Code)

Creditor’s Account Number

Your Social Security Number

I (Your Name), would like to settle the outstanding debt with (Creditor). (Specify good reason on why you have not paid the debt). I have strong interest in paying back the debt.

Due to the drastic negative projection of my financial status, I will pay (Creditor Company) the amount of $ABC as full settlement of this account.

Upon receipt of the above compensation, your company has agreed to change the entry on my credit report to ‘paid satisfactory’.

Negative credit information pertaining or resulting from this account such as ‘late payment’ or ‘charge off’ will be deleted from my report.

If you agree to the above agreement, please acknowledge with your signature and return a copy to me. Upon receipt of this signed acknowledgment, I will promptly send you a money order in the amount stated above.

I hope you will consider this to be fair and responsible settlement. I am also extremely sorry for the difficulties that have been caused.

You may refer on how to write letter to creditor in example of suggesting alternative payment plan to creditor for past due payment issue.


Sample Debt Settlement Validation Letters Letters To

Sample debt settlement letter

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Sample debt settlement, validation letters, Letters to Creditors, Credit Bureaus OVLG. Download FREE pdf version of sample letters pay for delete, debt settlement, good will, cease and desist, debt validation and debt verification..Debt Settlement Letters and Sample Letters on Debt and Credit A on BBB The sample debt settlement letters and validation letters on this page will help you negotiate and validate your debts and understand how to deal with creditors or collection agencies CA in writing..Sending a debt settlement letter to a debt collector is comparable to playing with your cards face up on the table. Learn why .I was previously in the debt collection industry and I would like to offer you some insider information pertaining to debt validation letters..

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Proven Results – Debt Settlement Letters

Here is a small sampling of the successful debt settlements we’ve made for our clients. You’ll find debt settlement letters from many of the major credit card companies and healthcare financing companies.

These are only for consumers who successfully met all program terms and received settlement offers. Results will vary and there are no guarantees that all creditors will agree to settle.

NOTE: We update this page on a regular basis with recent settlements from the major credit card banks and healthcare financing companies, if you don’t see your bank listed, that doesn’t mean we don’t work with them. You can contact us and we can try and provide you settlement letters from your bank.

Sample debt settlement letter

Sample debt settlement letter

Sample debt settlement letter

Sample debt settlement letter

Sample debt settlement letter

Sample debt settlement letter

Sample debt settlement letter

Sample debt settlement letter

First National Bank of Omaha

Sample debt settlement letter

Sample debt settlement letter

Springleaf Financial Services

Sample debt settlement letter

Sample debt settlement letter

Sample debt settlement letter

Navy Federal Credit Union

Sample debt settlement letter

National Debt Relief works sincerely and tirelessly to make sure our clients get the best settlement agreement. This page proves that such an agreement is possible for you! Feel free to browse through the files that will prove just how successful some of our clientele have been.

You can be like our clients who save thousands on their unsecured debts. But remember, past performance is no indicator of future success. Every client and creditor is different.

You can be part of this group who have successfully conquered their debt problems. National Debt Relief is here to help you make that possible.

While all these are inspiring and encouraging, we want to be honest with you upfront. These stories are successful, true, but not everyone had it easy. You have to remember that there is no fixed settlement percentage because every situation is unique. All the settlements vary because of the different financial capabilities of the debtors who went through our debt management program.

Even if one of the proven results lies within a close range of what you owe personally, there is no guarantee that you will get the same settlement percentage on your own agreement. Apart from your finances, the creditor will also come into play.

The debt professional that will be assigned to you cannot promise that your settlement offer will be accepted on the first try – although there is a possibility that it will be. While that is true, you can expect that National Debt Relief will keep trying until we get them to agree or negotiate. That is, if you are willing to have them work on your behalf.

Another important note that you have to consider is the fact that when a creditor or collection agency agrees to a settlement, you need to meet the payment deadlines or you forfeit the whole agreement. Look at this as another chance to redeem yourself and some creditors can be really generous in their offer – especially if your finances prove that you need the pardon. However, they will not tolerate any misbehavior in your payment for the new payment term. You need to meet payments at all costs. That is how all these results came about – the commitment of the debtors to see the payment term through to its completion.

Good news is, the debt professional that will be assigned to you will be with you the whole way. They will make sure you make the payments on the FDIC account that was set up so you can grow your settlement fund.

Not only that, their service will include a budget plan that will help you develop a disciplined spending habit. The ultimate goal is to make sure you do not land in the same debt ridden situation again.

National Debt Relief is a legitimate debt relief company that is focused on helping our clients. You don’t have to worry about any service fees because we do not charge upfront fees. Any service fee that will be billed to you is performance based. You don’t pay us until you get your debt settled.