Compress Electronic Debt Settlement Agreement Templates For Free

Writing the Settlement Offer Letter Include your personal contact information, full name, mailing address, and account number. Specify the amount that you can pay, as well as what you expect from the creditor in return. A good starting point for negotiation could be offering around 30% of the amount that you owe.

A settlement agreement should contain eight facts, including a description of the debt, the amount owed, the original creditor, and any account numbers. Make clear that the amount you pay brings the debt to $0 and closes the matter entirely.

How do you make a settlement offer? Firstly you need to work out how much to offer your creditors and then send your offer to them in writing. Always ask your creditors to confirm they accept your offer in writing before you send them any money.

Dear debt collector: I am responding to your contact about collecting a debt. You contacted me by [phone/mail], on [date] and identified the debt as [any information they gave you about the debt]. You can contact me about this debt, but only in the way I say below.

Explain your plan When you talk to the debt collector, explain your financial situation. You may have more room to negotiate with a debt collector than you did with the original creditor. It can also help to work through a credit counselor or attorney.

What should I include in my offer to settle a debt? Your name and address. The original holder of your debt and the account number. The current value of your debt. The name of the debt collection agency and their identifying information. The amount you want to settle the debt for.