[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Request to Respond to Settlement Offer Dear [Recipient's Name], I hope this letter finds you well. I am writing to address a settlement offer that I received from your firm/company on [date]. I am a resident of the District of Columbia and have carefully reviewed the terms and conditions of the settlement offer. First and foremost, I would like to express my gratitude for considering this settlement offer. However, before I can make a decision, I would appreciate some clarifications and additional information related to the offer. Thus, I kindly request your prompt response in addressing the following queries: 1. Settlement Offer Details: a) Please provide a detailed breakdown of the settlement amount, including any interest and fees that may have been added. b) How was the settlement amount determined? Could you provide the calculations or relevant documents supporting the proposed figure? 2. Potential Impact: a) If I accept the settlement offer, will this clear my outstanding obligation in full? Are there any further or hidden costs associated with accepting the settlement? b) How will accepting this settlement impact my credit score and credit history? Will it be reported as "settled in full" or "settled as agreed" to the credit bureaus? c) Are there any potential legal or financial consequences for not accepting the settlement offer? Could you please provide details regarding the implications of rejecting the settlement? 3. Confirmation and Documentation: a) Could you please provide written confirmation of this settlement offer, including the agreed-upon terms and conditions? b) In case I decide to accept the settlement, what payment methods are acceptable? Are there any specific instructions for the payment process? Lastly, I would like to express my interest in resolving this matter amicably and in good faith. Hence, I kindly request your reconsideration of the settlement offer in light of the aforementioned questions and concerns. I look forward to receiving your response within [reasonable time frame] to allow me to make an informed decision. I appreciate your attention to this matter, and thank you for your cooperation. Should you require any further documentation or information from my end, please do not hesitate to contact me at [phone number] or [email address]. I hope we can reach a favorable resolution to this matter promptly. Thank you for your prompt attention to this matter. Sincerely, [Your Name]