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Offering a settlement letter

Date: Tue, 06/13/2006 - 11:56

Submitted by anonymous
on Tue, 06/13/2006 - 11:56

Posts: 202330 Credits: [Donate]

Total Replies: 1


I am being sued by Pressler and Pressler on behalf of their NCO Finanacial company. The amount is for 1019.00. I'm offering $850.00. I asked for a permit discovery motion in the court and I receieved a 3 question interragatories. I'd much rather settle. Is there a form letter I can use to do this?


You can compose this letter as per your situation. Remember to send it through certified mail with return receipt requested.

Quote:

YOUR NAME
YOUR ADDRESS
CITY, STATE, ZIP CODE

Date:

CREDITOR NAME
ADDRESS
CITY, STATE, ZIP CODE

RE: Acct.#

Creditor:

I recently obtained a copy of my credit report and noticed that your company has reported me as having the above listed account as: (delinquent, sent to collections, etc.). I wish to bring this account to a resolution that will be fair and beneficial for both of us. Therefore, I propose to pay you X monthly payments of $, or forward a check to you in the amount of $ as payment in full, provided that you are willing to send me a letter stating you will report this to any and all credit reporting agencies as: 'PAID AS AGREED' or notify me in writing that you agree to delete this item from any and all credit reporting agencies.

I WILL NOT agree to accept a 'PAID P & L' or 'CHARGE OFF' for an additional amount of time on my credit report. It is my position that I have suffered enough as a result of this problem.

Upon receipt of your letter I will send you a cashier's check or money order in the amount of $.

Sincerely,

Signature Date signed

Your name Date printed


lrhall41

Submitted by Justme on Tue, 06/13/2006 - 12:07

( Posts: 479 | Credits: )