Re: LadynRed -- Help!
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Posted by LadynRed
(199.91.33.254) on January 23, 2003 at 12:27:38:
In Reply to: LadynRed -- Help! posted by Betty on January 23, 2003 at 10:59:21:
Betty, You're not really going to find any forms to do this. The sample letter you referred to is perfectly acceptable, just modify it to meet your needs. Here is another sample you can use, this might have even come from WhyChat's site, I have so many I forget where I plucked them from ;) ------------------------------------------------------------ Date: Creditor Address City, State, Zip Re: Account Number
Dear Sirs:
This letter is an offer to amicably settle the above account. It is not to be construed as an acknowledgment of my liability for this debt in any form.
I will pay your company the amount of $____ as full settlement of this account.
If you accept this agreement, I will send you a money order or certified cashiers check for the settlement amount of $______ in exchange for a full deletion of all references regarding this account from my credit profile and full satisfaction of the debt. This agreement is binding and will be void should you not hold up to your end of the agreement. Furthermore the debt will be deleted from my credit profile at all three credit bureaus or the bureaus your company regularly reports to in the course of doing business.
If you agree to the above, please acknowledge with your signature and return a copy to me. Upon receipt of this signed acknowledgment, I will promptly send you a money order or cashiers check in the amount stated above.
Notice: This agreement is restricted. This is not a renewed promise to pay but rather a restricted settlement offer only. By not signing below, you agree that the debt has not been renewed nor has any concrete written agreements been exchanged.
Creditor’s Authorized Signature: _____________________________ Date:____________
Name Title : Sincerely,
YOUR NAME Do not sign or date letter (This is necessary to avoid renewing the debt, should the creditor refuse to agree.) Be sure to not use a personal check if they agree to pay. ---------------------------------- You can tell them you want to deal with the OC, but since the account has been charged-off, you'll have to deal with the collection agency, so send the settlement offer to the CA. If they turn around and tell you that they can't change the entry on your report, that's BS - it was put on there, it can be taken off or changed just as easily. Its a tactic they often use. Cross that bridge when/if you come to it.
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