[Your Name] [Street Address] [City, ST ZIP Code] December 6, 2008 [Creditor] [Street Address] [City, ST ZIP Code] Dear [Recipient Name], Re: [Creditor] - "[Account Number]" e.g. Chase Bank – “0000111000” I am writing with regards to a debt that I owe you and am unable to pay you in full. I have a strong interest in fulfilling my obligations to you by settling this debt with you. However, my personal circumstances have made it beyond my means to pay of the full outstanding debt as it stands today. "[Enter a sentence or two on your personal hardship situation]" Currently I believe that I owe you a total amount of $[Input Dollars] . Given my financial situation I can offer to pay you $ [Input the amount that you can afford] . As part of this settlement offer I am requesting the following important conditions: CONDITIONS 1. My account is considered paid in full 2. No more monies will be associated with or collected by any company in relation to this account 3. Any current litigation filed against me is dropped immediately 4. No future litigation will be filed against me by you or third parties that you work with in relation to this account 5. You will delete any negative listings relating to this account from all major credit bureaus (including Experian, Trans Union Corporation and Equifax) and show that the balance of this debt is now zero. Upon a signed acceptance letter from you of these conditions, within 2 days of receipt of your letter I, [Your Name] will send a payment to you in the amount of $[Input the settlement amount] made payable to [Creditor] by registered overnight mail. Signed,
______________________________ [Your Name]
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