South Dakota Sample Letter for Settlement offer - Authorization of Settlement Offer

• Category: Letters - Legal - Settlements
• State: Multi-State
• Control #: US-0390LTR
• Format: Word; Rich Text

Description

Sample Letter for Settlement offer - Authorization of Settlement Offer [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Debtor's Name] [Debtor's Address] [City, State, ZIP] Re: Settlement Offer — Authorization of Settlement Offer Dear [Debtor's Name], I hope this letter finds you well. I am writing to authorize the settlement offer we recently discussed related to the outstanding debt of [EX] owed to [Creditor's Name]. As per our negotiations, I propose the following terms for the settlement: 1. Settlement Amount: The agreed settlement amount is $[X]. Please note that this amount represents a discounted portion of the total debt and includes all outstanding interest and charges. 2. Payment Method: You have the option to settle the amount in full via a single payment or through installments. If you choose the installment option, please see the attached proposed payment plan detailing the number of payments and their respective due dates. 3. Release of Claims: Upon receipt of the settlement amount, [Creditor's Name] will consider the debt fully satisfied and release all claims related to this outstanding debt. Furthermore, both parties agree to not engage in any further legal action or pursue additional monetary compensation related to this matter. 4. Confirmation of Payment: Once the settlement amount is received, [Creditor's Name] will provide written confirmation of payment within [number of days]. 5. Credit Reporting: [Creditor's Name] will update the credit reporting agencies to reflect the debt as "settled" or "paid in full" once the settlement amount is received, ensuring the accurate and fair representation of your credit history. 6. Confidentiality: Both parties agree to keep the terms and conditions of this settlement confidential and shall not disclose any information pertaining to this agreement unless required by law or with prior written consent from the other party. To accept this settlement offer, please sign and return a copy of this letter within [number of days] from the date of this letter. Additionally, kindly indicate your preferred payment method and include any necessary documentation such as bank details for electronic transfer or mailing address for check payments. Should you have any questions or require further clarification, please do not hesitate to contact me at [Phone Number] or via email at [Email Address]. I encourage you to consider this settlement offer as an amicable resolution that allows both parties to avoid the burden of prolonged litigation. Thank you for your prompt attention to this matter. I look forward to receiving your acceptance of the settlement offer and working towards the resolution of this debt. Sincerely, [Your Name] Enclosures: — Proposed Payment Plan (if applicable)

[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Debtor's Name] [Debtor's Address] [City, State, ZIP] Re: Settlement Offer — Authorization of Settlement Offer Dear [Debtor's Name], I hope this letter finds you well. I am writing to authorize the settlement offer we recently discussed related to the outstanding debt of [EX] owed to [Creditor's Name]. As per our negotiations, I propose the following terms for the settlement: 1. Settlement Amount: The agreed settlement amount is $[X]. Please note that this amount represents a discounted portion of the total debt and includes all outstanding interest and charges. 2. Payment Method: You have the option to settle the amount in full via a single payment or through installments. If you choose the installment option, please see the attached proposed payment plan detailing the number of payments and their respective due dates. 3. Release of Claims: Upon receipt of the settlement amount, [Creditor's Name] will consider the debt fully satisfied and release all claims related to this outstanding debt. Furthermore, both parties agree to not engage in any further legal action or pursue additional monetary compensation related to this matter. 4. Confirmation of Payment: Once the settlement amount is received, [Creditor's Name] will provide written confirmation of payment within [number of days]. 5. Credit Reporting: [Creditor's Name] will update the credit reporting agencies to reflect the debt as "settled" or "paid in full" once the settlement amount is received, ensuring the accurate and fair representation of your credit history. 6. Confidentiality: Both parties agree to keep the terms and conditions of this settlement confidential and shall not disclose any information pertaining to this agreement unless required by law or with prior written consent from the other party. To accept this settlement offer, please sign and return a copy of this letter within [number of days] from the date of this letter. Additionally, kindly indicate your preferred payment method and include any necessary documentation such as bank details for electronic transfer or mailing address for check payments. Should you have any questions or require further clarification, please do not hesitate to contact me at [Phone Number] or via email at [Email Address]. I encourage you to consider this settlement offer as an amicable resolution that allows both parties to avoid the burden of prolonged litigation. Thank you for your prompt attention to this matter. I look forward to receiving your acceptance of the settlement offer and working towards the resolution of this debt. Sincerely, [Your Name] Enclosures: — Proposed Payment Plan (if applicable)