Free Credit Settlement Letter Template
Credit Settlement Letter
[Your Name]
[Your Email]
505 Pine Street, #789,
Willowdale, OH 43214
June 15, 2060
Global Credit Services
5678 Market Street
Chicago, IL 60601
Dear Global Credit Services,
I am writing to propose a settlement of the outstanding debt on my account with your company, account number #456789123. Due to unforeseen financial difficulties, including job loss and medical expenses, I am currently unable to pay the full balance of $12,500, but I am committed to resolving this matter.
Upon assessing my finances, I'm prepared to make a one-time payment of $4,000 to completely settle the debt, which is 32% of the outstanding balance and the most I can currently pay. In return, I respectfully ask that the rest of the balance be waived and the account be updated to show as "Paid in Full" or "Settled" with all credit reporting agencies.
I would appreciate your consideration of this settlement proposal and request that you confirm your acceptance in writing. Once I receive written confirmation, I will promptly arrange the payment within 14 days of receiving the confirmation.
Please message me at [Your Email] if you have any questions or require further information. Thank you for your time and understanding in this matter.
Sincerely,
[Your Name]
