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Creditor Settlement Offer
The purpose of this credit repair letter is meant for offering a settlement to pay off a debt that is
owed. If the debt has already been sold to a collection company you can probably settle for less
then 50% of the original balance.

To Whom It May Concern,

According to your records, I owe an outstanding balance of [Balance Amount in $], in reference to
account number [Account Number].

I feel I have a moral obligation to pay this debt I owe; however, I do not have enough money to pay you in
full. I would like to offer you a settlement amount of [Settlement Amount in $] to consider this account
paid.

Please accept this offer, as it is all I can afford. If you accept this offer; please send me a letter that you
are in agreement to the following terms:

    -    You accept a one time lump sum payment of [Settlement Amount in $] to satisfy my debt of
         [Balance Amount in $], owed to you.
    -    You agree to cease collection attempts.
    -    You agree to report to the credit bureaus Experian, Trans Union, and Equifax that this debt has
         been satisfied. Preferably that the debt has been paid in full; however that decision rests on your
         shoulders.
    -    You will send proof of satisfaction to me stating that the debt has been satisfied as soon as my
         funds have cleared.

When I receive your letter I will immediately send you the agreed amount so I can get this burden behind
me. I appreciate your consideration of my offer and thank you for your time.

Sincerely,

[Signature]

[Name]

Address:
[City, State Zip]

Phone Number: [Phone
Sample letter   creditor settlement offer

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Sample letter creditor settlement offer

  • 1. Creditor Settlement Offer The purpose of this credit repair letter is meant for offering a settlement to pay off a debt that is owed. If the debt has already been sold to a collection company you can probably settle for less then 50% of the original balance. To Whom It May Concern, According to your records, I owe an outstanding balance of [Balance Amount in $], in reference to account number [Account Number]. I feel I have a moral obligation to pay this debt I owe; however, I do not have enough money to pay you in full. I would like to offer you a settlement amount of [Settlement Amount in $] to consider this account paid. Please accept this offer, as it is all I can afford. If you accept this offer; please send me a letter that you are in agreement to the following terms: - You accept a one time lump sum payment of [Settlement Amount in $] to satisfy my debt of [Balance Amount in $], owed to you. - You agree to cease collection attempts. - You agree to report to the credit bureaus Experian, Trans Union, and Equifax that this debt has been satisfied. Preferably that the debt has been paid in full; however that decision rests on your shoulders. - You will send proof of satisfaction to me stating that the debt has been satisfied as soon as my funds have cleared. When I receive your letter I will immediately send you the agreed amount so I can get this burden behind me. I appreciate your consideration of my offer and thank you for your time. Sincerely, [Signature] [Name] Address: [City, State Zip] Phone Number: [Phone