Free Letter to Settle Past Due Account
This Letter to Settle Past Due Account is from a debtor to a creditor to settle an account which is past due. This letter contains the names of both parties, the current outstanding amount and terms by which debtor will agree to settle. This Letter to Settle Past Due Account also contains a provision which will allow the creditor to accept this settlement.
Disclaimer:This was not drafted by an attorney & should not be used as a legal document.
Letter to Settle Past Due Account
Your name
Address
City, State and Zip
Today’s date
Creditor Name
Address
City, State and Zip
I, ________________________ wish to settle the outstanding past due amount with you. Currently, the outstanding debt balance is $________________________. I am willing and able to settle this amount. As part of this settlement I am making the following requests: ________________________
__________________________________________________________________________________
By accepting this letter you agree to the terms and settlement conditions and I will send an overnight money order in the amount of $ ________________________.
You hereby agree to forward this letter to the credit bureaus so negative listings may be deleted.
Date: _______________________
_______________________________
Signature
Name: ___________________________
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