_______________ [name of the recipient, creditor’s name]
_______________ [designation/job post of the recipient]
_______________ [name of the company/recipient’s address]
Date: __________ [mention the date in which the letter is written]
Subject: Debt settlement letter
Respected Mr. __________ [salutation]
I am _____________ [mention the name of the sender] and I am writing to you in reference to the account number _____________ [mention the account number of the sender]. Through this letter, I wish to show my interest to settle the delinquent amount of debt that I owe to your company _______________ [mention the name of the sender’s company]. I am requesting for this debt settlement as ______________________________ [mention the reason for which the sender is requesting for the debt settlement].
I am putting off my sincere efforts to settle the debts at the convenient terms for both of us. I request you to kindly cooperate with me in this regard and settle my debt at __________$ [mention the amount] or at some convenient percentages. Also, I request you to kindly remove the charge-offs, late payments, ___________ [mention some of the requests for the debt settlement] from my credit bureau.
I look forward for your cooperation in the debt settlement proceedings. If any other information is needed from my side you can please contact me on ___________ [mention sender’s contact details].
____________ [name of the sender]
____________ [sender’s address]