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Credit Card Debt Settlement Letters – Examples And Tips
A debt settlement letter is written by one who owes money to a creditor in an effort to show they are willing to pay the debt that they owe, but also to negotiate with the creditor.
What you are trying to accomplish by the use of this letter is to show that you’d like to pay, that your funding is limited, and that you are willing to pay as much as you can if the company in question will consider that as payment in full for your debt. In many cases writing an effective letter to the creditor in question will make the difference between whether you receive a positive or a negative response.
Tips On Content
Hector Milla Editor of the “Get Rid Of Credit Card Debt” website — http://www.GetRidOfCreditCardDebts.net — pointed out;
“…Your letter should contain certain key elements. It should sound professional, while still conveying the reasons why your debt remained unpaid. Along the way do mention the account numbers that you are writing in regard to, as well as your current phone number…â€
Specify an amount that you have in mind for the settlement. Be prepared to send that if the amount is approved, but also be prepared to resend another letter in the event that they consider the amount to be too low.
Saving the Correspondence
“…Keep all of your correspondence, both yours, as well as the responses that you receive from the companies you are attempting to negotiate with. Not only are the proof of your intent, but in some cases can be used as evidence in the event that the company sues. Many companies in recent months are losing those suits when it is proven that the customer attempted in good faith to negotiate a payment with them…â€Â H. Milla added.
Example Settlement Letter
NameAddressTelephone NumberAccount Number
Dear Sir or Ma’am;
Having undergone a period of time when I was unable to meet my financial obligations, I now find myself able to pay something to help resolve my outstanding account. I am able to pay a limited amount of money, which as you note is not full payment for monies owed.
I would like to propose the sum of (amount) as payment to your company for the account currently in default. I would ask that this be considered payment in full and that this account is marked as paid or settled. If this amount is acceptable to you, please apprise me in writing, at which time I will forward the specified sum.
If you are not able to accept the sum that I propose, please respond with a sum which is more agreeable to you so that we might discuss the account further and arrive at a satisfactory arrangement for payment.
Thank you for your consideration of my offer.
Sincerely,Your Signature
Further information about trusted and reputable companies for credit card debt settlement by visiting; http://www.GetRidOfCreditCardDebts.net