Consumer City

  Home

Debt Settlement Letter

 
Below is a sample debt settlement letter. Use it as a guide and replace the sample information in the brackets with your own. Notice that the letter is calm and to the point.
 
[Your Name]
[Your Address]
[Your City, State and Zip]
 
[Today's Date]
 
[G.R. Eedy Collections, LLC]
[555 E. Main ST]
[Columbus, OH 43210]
 
To Whom It May Concern:
 
I am writing in regards to the account with your agency referenced under file number [Enter the file number on your collection letter here].
 
I would like to settle this account in a fair and equitable manner. Due to my current financial situation I am unable to pay the full amount of this debt. For the past year I have been doing my best to fulfill my financial obligations, but I'm having trouble keeping up. People are saying I should go bankrupt, but I want to avoid that option if at all possible.
 
I would like to propose a plan that would benefit both of us. I would be able to satisfy this debt if you would agree to a [50% reduction payable in 3 monthly installments].
 
Please send your response to the address in the upper right hand corner of this letter.
 
Sincerely,
[Your Signature]
[Your Printed Name]
 

Back To Bill Collector Page

Home

 

Copyright © 1998-2007
Consumer City.org