How to write a Counter Offer Settlement LetterA counter offer for debt settlement is what you negotiate to pay your creditors/collection agency in response to their offer for payment of the debt in full. You can send in a letter to the creditor in order to counter the amount he has asked you to pay. A sample format of the counter offer letter is given below: Counter Offer Letter for debt settlement Your Name
Your Address Your Phone #
Creditor's Name
Department Creditor's Address
Date
Re: Account Number__________ I appreciate the fact that your company is willing to negotiate with me for settlement of my debt. This letter is to make a counter offer in response to the amount your customer service representative wants me to pay for payment of debt in full. The amount that I wish to offer you for payment of my debt is $__________. Unfortunately, I don't have enough money to pay all my creditors. So, I can only settle debt with those creditors who're willing to meet my terms. However, I've been able to negotiate successfully with a couple of creditors and I doubt if I'll have enough funds remaining at the end of this month. While I settle the debt, I'd request you to help me remove any negative listing (late payment, charge-off etc) on this account from my credit file. In fact, I'd be willing to offer you more money if you can report my account status as "Paid in full" to the credit bureaus. If you find these terms agreeable, please sign the attached letter of agreement and return a copy to me. Upon receipt of this signed acknowledged agreement, I will send you a money order in the amount as stated above. Yours truly, Your Signature Your Name Please Note: You need to attach this letter to the Debt Settlement Agreement Letter. |
|
|
