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Debt Settlement Counter Offer Letter

This letter is a response to a debt settlement offer, proposing to pay $XX to settle the full debt. It requests that late payments and charge-offs be removed from the credit report. The letter explains that the individual has limited funds and has settled other debts, so this is the best offer that can be made. It asks the creditor to sign and return an acknowledgment of the proposal.

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Nadz Fajardo
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722 views3 pages

Debt Settlement Counter Offer Letter

This letter is a response to a debt settlement offer, proposing to pay $XX to settle the full debt. It requests that late payments and charge-offs be removed from the credit report. The letter explains that the individual has limited funds and has settled other debts, so this is the best offer that can be made. It asks the creditor to sign and return an acknowledgment of the proposal.

Uploaded by

Nadz Fajardo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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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

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