|
SETTLEMENT/NEGOTIATION LETTER 1
Your name
Street address
City, State Zip
Date
Credit Manager
Name of Creditor
Street Address
City, State Zip
Re:To settle account # (list account number)
Dear Sir/Madam:
I am writing you in an effort to (remain in/regain) good standing with your company.
Despite past circumstances (give reason that caused problem), I wish to make monthly regular payments until the outstanding balance on my account is paid in full.
I promise to make payments every
(specify time period) in the amount of $ (list specific amount).
I am again back on my feet and in good-faith make this settlement offer. I am hoping that this effort and explanation will persuade you to consider upgrading my credit rating with the credit bureaus to which you subscribe. We all deserve a second chance, don't we?
If these terms are acceptable to your company, please have an authorized representative of your company indicate your agreement by signing this letter and returning the original to me.
Once I receive the countersigned letter, I will promptly forward the first payment due by returned mail.
Your understanding and cooperation in this matter is most appreciated.
If you have any questions or would like to discuss this matter further, please do not hesitate to contact me.
Sincerely yours,
The undersigned authorized representative hereby agrees to the terms stated above, including, restoration of a favorable credit rating for the account holder upon receipt of the indicated amount due in full.
_______________________________________________
Authorized signature Date
|
