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Debt Settlement Letter after Agreement Reached on Phone- DO NOT SHOW ANYTHING IN YELLOW
Date:
Creditor
Address
City, State, Zip
Re: Account Number
Dear Reviewer:
This letter is to confirm our telephone conversation on (date) regarding the settlement of the above account.
As discussed, I will pay your company the amount of $____ as full settlement of this account.
Upon receipt of the above compensation, your company has agreed to change the entry on my credit report to "paid satisfactory." Also, any negative credit information pertaining or resulting from this account, such as "late payment" or "charge off" will be deleted from my report.
If you agree to the above agreement, please acknowledge with your signature and return a copy to me. Upon receipt of this signed acknowledgment, I will promptly send you a money order in the amount stated above.
Creditor’s Authorized Signature: _____________________________
Date:____________
Name :
Title :
Sincerely,
Signature
Name
Address
City, State, ZIP