Your Name
Your Address
Your Phone #

Creditor’s Name
Department
Creditor’s Address
Date

Dear Creditor,
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

And this is a another sample debt settlement letter. This can help you to become debt free, to reduce your debt, to eliminate debt, to get rid of debt, to make debt a thing of the past, to get on with your life. On with the future. On to bigger and better things. Yes, we may have suffered some bumps and bruises along the way, war wounds if you will, but these debt experiences will have made us wiser, if not healthier and wealthier. Never look back. When your back is up against the wall - make lemonade.

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This entry was posted on Thursday, March 11th, 2010 at 12:47 pm and is filed under ARM Mortagage, Bankruptcy, Consolodate Mortgage, Credit, Credit report, Debt Consolidation, Debt Relief, Familiy Banking, Hotels, Loans, Mortgage, Personal finance, Reduce Debt, Structured Settlements, Travel Offers, USA Accomodation, Uncategorized, Wealth Building, free 3 credit report. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.