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Sample Debt Negotiation Letter 4
Settlement Letter to Collection Agency

DO NOT SEND ANY MONEY UNTIL THIS LETTER IS RETURNED TO YOU DATED AND SIGNED.

Date

Name of Collection Agency
Address
City, ST  Zip

Re: Account of [name account is under]; Account No. [insert account number]

Dear ______________:

I recently received a letter from your agency requesting I pay $________ owed to [name of original creditor].  I have attached a copy of the letter you sent to me.

Since I cannot possibly repay this debt in full, I am writing to ask if you would be willing to accept half of the amount owed as payment in full.  If you could accept half, I could send you a cashier's check [or money order] as soon as I receive notice that you will accept my offer.

If you agree to these terms, please sign and date this letter and return it to me.  After receiving it, I will send you a check in the amount of $_________________ , which will constitute payment in full and release me from all further collection efforts by both the original creditor and your collection agency.


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Collector's Signature _________________________________

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Collector's Title _____________________________________

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Date _____________________________________

Sincerely,

Your name
Mailing address
Telephone number

attachment


Related articles:  Negotiating with Debt Collectors

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debt negotiation