Sample debt negotiation letter to send to creditors.
Sample debt negotiation letter to send to creditors, or get a professional company to help you negotiate debt settlement payoff.
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Sample debt negotiation letter
Not comfortable dealing with creditors yourself? A debt negotiation company can do it for you, and
may get you a bigger settlement.
The sample letter below is intended to be used as a debt negotiation letter to creditors.
VIA CERTIFIED MAIL RRR # (PUT THE NUMBER OF THE CERTIFIED MAIL RECEIPT HERE)
YOUR NAME
YOUR ADDRESS
CITY, STATE, ZIP CODE
Today's Date
Place collector's name here
Collectors address
Collectors city, state, zip
RE: Acct.# 5555554441
Dear (who ever you spoke with):
As we discussed, I became unemployed and was no longer able to pay on my account. As a result, the above-mentioned account was sent to collections (or charged off) by your company.
Since then, I have obtained a very rewarding and stable job. I would now like to either resume payments on this account at $(however much) per month, or simply pay the account in full.
I recently obtained a copy of my credit report and noted that your company has reported this account as:
(delinquent, sent to collections). I wish to bring this account or matter to a resolution that will be fair, and beneficial for both of us. I hereby propose to pay you:
X monthly payments of $money, or remit a check to you in the amount of $debt as payment in full provided 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.
Due to the inequities of the system I AM NOT agreeable to accepting 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 forward you a cashier's check or money order in the amount of
(Agreed $$$).
Yours Truly,
Your signature / Today's date (signed)
Your name / Today's date (printed)
Apply for professional
debt negotiation and see how much more they can settle your outstanding debt.
Stop collection agency harassment letter
Not comfortable dealing with creditors yourself? A debt negotiation company can do it for you, and can do the entire process quickly.
The sample form letter below is a cease communication letter to stop a collection agency from harassing you.
SEND CERTIFIED MAIL RRR # (PUT THE NUMBER OF THE CERTIFIED MAIL RECEIPT HERE)
YOUR NAME
YOUR ADDRESS
CITY, STATE, ZIP CODE
Today's Date
Place collector's name here
Collectors address
Collectors city, state, zip
This will serve as your legal notice under federal law, The Fair Debt Collection Act, to cease all communication with me in reference to the above account.
If you fail to head this notice, I will file a formal complaint against you with the Federal Trade Commission who is responsible for enforcement, and the American Collectors Association, and the State Attorney General's Office.
I have decided that we do not desire to work with a collection agency under any circumstance. We will contact
(whomever the original creditor is) to resolve this matter directly.
You are also notified that if any adverse items are placed against my credit report as a result of this notice, I will be forced to take appropriate action against you, and concerned parties.
Give this matter the attention it deserves.
Yours Truly,
Your signature / Today's date (signed)
Your name / Today's date (printed)
Apply for professional
debt negotiation and see how much more they can settle your outstanding debt.
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