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ETTLEMENT/NEGOTIATION LETTER 2
Your name
Street address
City, State Zip
Date
Credit Manager
Name of Creditor
Street Address
City, State Zip
Re:To settle in full, 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 would like to make a lump-sum
payment for a full and final settlement of the entire debt 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 your company to restore a favorable crediting rating in the connection with this account. 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
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