This form is a sample letter in Word format covering the subject matter of the title of the form.
Michigan Sample Letter to Opposing Attorney Declining Settlement Offer
Category:
State:
Multi-State
Control #:
US-0014LTR
Format:
Word;
Rich Text
Instant download
Description
How to fill out Sample Letter To Opposing Attorney Declining Settlement Offer?
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FAQ
A Settlement Offer Letter is a communication between two parties in a dispute. The dispute does not have to be in a court of law, although most of the time, it is. One party sends the other party this Settlement Offer Letter, with the proposed terms for a complete settlement between the parties.
Two Options for Taking the Settlement Offer Read the settlement offer carefully or have an attorney review the offer to be sure it's legally binding ? that the creditor or collector can't come after you for the remaining balance at some point in the future. Or, you can even try to negotiate a lower settlement.
If you choose to reject the low settlement offer, you must communicate your decision to the claims adjuster. Your legal representative can help you write a letter that states your intentions. Within the letter, you can indicate that you reject the offer and highlight why you deserve a higher settlement amount.
I would like to offer an amount of to settle the outstanding debt amount of $ with you. I also like to request you to include the following conditions as a part of my settlement offer: My account will be showing as 'paid in full' with no future liability or involvement.
Include a paragraph explaining your circumstances and details of your financial situation that you want the creditor to take into account. Enter the amount which you can afford to pay. and I want to offer this as full and final settlement of the account.
I appreciate that your company is willing to work with me in settling the debts I owe. This letter is to confirm my acceptance of the verbal offer. The amount that your representative and I have mutually agreed upon to settle the debt in full is $ .
As agreed upon mutually, I confirm that I'll be paying $ towards settlement of my debt in full. As part of the settlement, I request you to remove any negative listing (late payment, collection etc) on this account from my credit file. I hope the above terms and conditions are acceptable to your company.
