Rotate Legal Debt Relief 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.

I have set up a realistic minimum budget for my living expenses and have developed a debt repayment program. I am hoping you will accept a reduced payment of per month. Amounts will be increased as soon as possible until the debt is totally paid. I hope you find this plan acceptable.

Send debt collection letters. Your first letter should have the same friendly yet firm tone you would use on the phone while reminding the client of their debts. Later letters can state your intention to send the client to collections or pursue legal action.

Hi [Contact Point's Name], Our team has yet to receive your payment of [invoice amount] for Invoice [number]. The invoice was due on [due date] and has been marked as overdue for [# days]. The amount due now includes late fees.

I respectfully request that you forgive my alleged debt, as my condition precludes any employment, and my current and future income does not support any debt repayment. Please respond to my request in writing to the address below at your earliest convenience. Thank you in advance for your understanding of my situation.