Counter Offer for Debt Settlement - Sample 1

[Your Name]
[Your Address]
[City, State ZIP Code]
[Date]

[Creditor/Collection Agency Name]
[Address]
[City, State ZIP Code]

RE: Counter Settlement Offer - Account #[ACCOUNT NUMBER]

Dear Sir/Madam:

Thank you for your settlement proposal of [DATE]. I appreciate your willingness to work toward a resolution. However, I must respectfully submit a counter offer based on my financial circumstances.

Your Offer:

Settlement Amount: $[THEIR AMOUNT]
This represents [PERCENTAGE]% of the current balance

My Counter Offer:

Settlement Amount: $[MY AMOUNT]
This represents [PERCENTAGE]% of the current balance

Justification:

Based on my current financial situation, I am unable to agree to the settlement amount you proposed. My counter offer of $[MY AMOUNT] represents the maximum I can afford to pay toward a full settlement of this account.

I have reviewed my budget and financial resources carefully, and I believe this counter offer is reasonable given my circumstances of [briefly describe financial hardship].

Benefits of Accepting This Counter Offer:

• I am prepared to pay the full amount immediately upon receipt of your written agreement
• This resolves the account and eliminates future collection costs
• Payment can be made within [X] days of your acceptance
• This avoids potential litigation costs and uncertainty

I am committed to reaching a settlement that works for both parties. I request that you consider this counter offer seriously and respond within 10 business days.

I look forward to resolving this matter promptly.

Sincerely,

[Your Name]
[Your Signature]