If you have worked out a settlement with a credit card company or collection agency, before you send them any money, you need to confirm in writing the offer and get a company representative’s signature on it.
Dear Creditor,
This letter is to confirm the settlement offer made between myself and your customer service representative ___________________ phone number _______________ made on ________, 20__.
I really appreciate the fact that your company is willing to work with me on this matter; I wanted to make an honest attempt to settle this debt, even though I have not been presented with enough documentation to determine its true validity.
The amount your customer service representative and I agreed to settle this debt in full is $___________. In addition, any references to late payment or charge off regarding this account are removed from my credit file.
If these terms are acceptable to your company, please sign the attached letter of agreement and return a copy to me. Upon receipt of this signed acknowledged agreement, I will express you a money order in the amount stated above.
Yours truly,
Your name
Enclosed attachments.
Agreement to settle a debt
This contract shall served to spell out the terms of a settlement offer between, hereafter referred to as CONSUMER and, hereafter referred to as CREDITOR on acct number _______________________.
Upon receipt of a certified check from the CONSUMER for $______________, the creditor agrees that this balanced owed on acct number _______________ is zero and that no further payment or fees are due from the CONSUMER at any time in the future.
In addition, the creditor agrees to remove any references to late payment or charge off regarding this account from CONSUMER’s credit file, and will instruct any collection agency assigned by CREDITOR or its assignees to collect this alleged debt to do the same.
This contract supercedes all other contract between the debtor and creditor.
_______________________________________________ Date:___________
CONSUMER
I attest that I am authorized to make decisions regarding the making and acceptance of settlement offers for outstanding credit card for thecompany.
Read, Approved and Accepted by:____________________ Date:__________
CREDITOR
________________________________________________________________________________
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