Confirmation or acceptance of settlement offerWhen you work out a debt settlement with creditors/collection agency, you need to confirm the offer in writing with their signatures on it. This is where you should use a Letter of Acceptance of debt settlement offer. This letter should be paired with your Debt Settlement Agreement Letter. Letter of Acceptance of Verbal Offer (settlement) Your Name
Your Address Your Phone #
Creditor's Name
Department Creditor's Address
Date
Re: Account Number__________ This is a letter of confirmation or acceptance of the verbal offer in response to the mutual settlement agreement with your company representative over the phone ( I am impressed by your co-operation with me to help me settle the debt for less than what I owe. 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. On accepting my proposal, please send me the attached letter with your signature in order to confirm our agreement. Once I receive this signed acknowledged agreement, I shall forward you the payment amount (stated above) through money order. Yours truly, Your Signature Your Name |
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