To Whom It May
According to your records, I owe an outstanding balance
of $_____________, in reference to account number _____________________________.
I feel I have a moral obligation to pay this debt I owe;
however, I do not have enough money to pay you in full.
I would like to offer you a settlement amount of $_________________
to consider this account paid.
Please accept this offer as it is all I can afford. If
you accept this offer; please send me a letter that you
are in agreement to the following terms:
1. You accept a one time lump sum payment of $_____________
to satisfy my debt of $_____________ owed to you.
2. You agree to cease collection attempts.
3. You agree to report to the credit bureaus Experian,
Trans Union, and Equifax that this debt has been satisfied.
Preferably that the debt has been paid in full; however
that decision rests on your shoulders.
4. You will send proof of satisfaction to me stating
that the debt has been satisfied as soon as my funds have
When I receive your letter I will immediately send you
the agreed amount so I can get this burden behind me.
I appreciate your consideration of my offer and thank
you for your time.
Phone Number: _________________________________