Search form
Search form

How to counter a debt settlement offer

A counter offer to debt settlement offer is what you propose to pay your creditors/collection agencies in response to the offer they make for a settlement of your debt. The sample settlement counter offer letter below should be attached to the Debt Settlement Agreement Letter sent to your creditor.


The Letter


Your Name



Your Address



Your Phone #

Creditor's Name
Department
Creditor's Address
Date


Dear Sir/Madam,

Re: Account Number

I appreciate that your company is willing to work with me in settling my debt so that I may pay it off. This letter is to make a counter offer in response to the settlement offer made by your company, which I received on Date .

The amount that I propose to settle the debt in full is $. I would also like to request that you remove any late payments or charge-offs on this account from my credit report.

I have several debt accounts that I am attempting to settle as well. Unfortunately, I have a limited amount of funds. So, I can only pay those creditors who are willing to meet my terms. I have already reached several mutually agreeable settlements with other creditors, and I doubt that I'll have enough funds to pay everyone.

If your company is willing to accept my proposal, please sign the attached letter agreeing to my proposal and return a copy to me. As soon as I receive this signed acknowledged agreement, I shall send you a money order in the amount I've proposed.

Sincerely,


Your Signature




Your Name




DebtConsolidationCare (IAPDA member)
Inter Next Technologies, Inc., Internet Marketing Services, Reno, NV
Connect With Us
About Us | Contact Us | Privacy Policy
Copyright © 2018 DebtConsolidationCare | 301 W. 11th Street Unit E, Reno, NV, 89503, United States
* Disclosures:
  1. By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  2. Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
  3. Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  4. Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  5. The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.