Acceptance of debt settlement offer

If you've negotiated your debt with your creditor or collection agency, you need to confirm the offer in writing and get the creditor's signature prior to making any payment. This is where a Letter of Acceptance of a Verbal Debt Settlement Offer can help. Below is a sample format of a letter.


The Letter


Your Name



Your Address



Your Phone #

Creditor's Name
Department
Creditor's Address
Date


Dear Sir/Madam,

Re: Account Number

This letter is to confirm the debt settlement offer made between myself and your customer service representative over the phone on [date].

I appreciate that your company has agreed to work with me in settling my debt. The amount that your representative and I have agreed upon to settle the debt in full is $.

I would appreciate if you would co-ordinate with the credit bureaus and remove any negative listings related to this account.

I hope you'll find the above terms acceptable. If so, please sign the attached acceptance agreement and return a signed copy to me. As soon as I receive this signed and acknowledged agreement, I shall forward you the settlement amount via money order.

Sincerely,


Your Signature



Your Name




What you can get in our community

Educate Yourself

Community Tools & Resources

Community Buzz

DebtConsolidationCare (IAPDA member)
Inter Next Technologies, Inc., Internet Marketing Services, Reno, NV
Connect With Us
About Us | Contact Us | Privacy Policy | Affiliate | Sitemap | Espanol | RSS Feeds | Terms of Services | Newsletters
Copyright © 2015 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.
Page loaded in 1.822 seconds.