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 Posted: Wed Dec 27, 2006 11:00 am Subject: Please check my settlement letter |
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Hello,
I have written this settlement letter that I plan on sending to my creditors in attempt for settlement
I would like an expert to please check and see if it is tactful enough and if it will be successful in achieving settlement.
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| Quote: | Contact Name
Address Line 1
Address line 2
SSN HERE
Date: Monday, December 25, 2006
Creditor Contact Address Here
Attn: Account Manager
RE: Acct. #
Account Manager:
Creditor has reported me as having the above listed account in a derogatory state. It is my desire to bring this account to a resolution that will be fair and beneficial for all involved parties.
I propose a settlement in the amount of (amount here) USD. In exchange for accepting this settlement, creditor will report to any and all credit reporting agencies that this account is paid as agreed. I will not agree to accept a 'paid p & l' or 'charge off' for additional time on my credit report. It is my position that I have suffered enough as a result of this problem.
Due to housing, transportation, and general life expenses $(amount here) is the maximum that I can offer. If you agree to the terms of this settlement, please sign and date below and send this letter back to me. I will send a cashiers check for the settlement amount via certified mail within 30 business days.
Sincerely,
Steve A Jackson
SSN HERE
-By signing below (creditor name here) accepts the terms outlined above-
_______________________________ _____/_____/_____
(Account Manager Printed Name) (Date)
_______________________________
(Account Manager Signature) |
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The above will be more aesthetically pleasing on final version sent out.
Your advise / comments will be gladly accepted.
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laconic1981
Joined: 13 Dec 2006
Posts: 21
Debtcc Points: 814
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| Posted: Wed Dec 27, 2006 11:19 am Subject: |
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yes and no. working in collections, usually all you have to do is call and offer a sif. if they accept it you will request a letter faxed or mailed and you will have anywhere from 7-30 days to respond. so all you really have to do is call. hope i was helpful, see when you write a letter, they know you are concerned about you credit and are less likely to offer you a settlment. In turn they will offer you a payment plan that they think is suitable. You want to ask.
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BEAUTY1217
Joined: 28 Nov 2006
Posts: 283
Debtcc Points: 6290
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| Posted: Wed Dec 27, 2006 11:46 am Subject: |
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I see your point about how they might try and offer me a payment plan. My concern is I will pay them and not recieve a letter within a reasonable amount of time (reasonable to me is 30 days) which is why I thought sending a letter may be better so that I have a paper trail before I even pay them that a settlement was reached.
How do you advise I proceed?
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laconic1981
Joined: 13 Dec 2006
Posts: 21
Debtcc Points: 814
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| Posted: Wed Dec 27, 2006 12:24 pm Subject: |
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I believe communication in both ways is necessary. Whether you do it in writing first or you do it orally. There should be a follow up of all arrangements done.
If you are worried about sending a payment and not received anything in writing from the company, you will always be able to dispute and get it arranged. You will have proof of the payment done and the company not posted it to your account.
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Trenity
Joined: 14 Mar 2006
Posts: 510
Debtcc Points: 6278
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| Posted: Wed Dec 27, 2006 12:35 pm Subject: |
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But you don't want to send money for a settlement without knowing that they will settle, you want to talk to them on the phone so that you can negotiate. if you send them a letter you might not like the response but if you call, you will be able to give rebuttles and make points, show emotion and negotiate.
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BEAUTY1217
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