SETTLEMENT LETTER TO A FORMER CREDITOR YOUR NAME YOUR ADDRESS CITY, STATE, ZIP VIA CERTIFIED MAIL RRR #P 543 210 789 Date XYZ Credit Card PO Box 0000 Wherever, USA RE: Account #000000000 Dear Sir: The above account was charged off by your organization due to the fact that: I had lost my job and was unable to pay it. I am now employed and in a position to: either resume making payments of $00 per month, or send you payment in full. To resolve this matter in a manner that is fair and equitable to both parties, I hereby propose to pay you: X monthly payments of $00, or remit a check in the amount of $00 as payment in full provided you are willing to send me a letter stating you will either report this to any and all credit reporting agencies as: “paid as agreed” or notify me in writing that you agree to “delete” this item from any and all credit reporting agencies. Due to the inequities of the system I am not agreeable to accepting a “paid P&L” or “charge off” for an additional amount of time on my credit report. It is my position that I have suffered enough as a result of this problem. Upon receipt of your letter I will forward you a cashier’s check or money order in the amount of $00. Please give this matter the attention it deserves. Yours truly, This should start you out. You can put in your info where needed.
