Proposal To Settle Account Letter Template

[Date]

Creditor

Address

City, State, Zip

RE: PROPOSAL TO SETTLE ACCOUNT # _____________________

To Whom It May Concern:

I recently got a copy of my credit report and saw a collection account with your company. I

am not currently able to pay the full amount of this account.

I am committed to paying my debts and am willing to offer a settlement of _________cents

on the dollar as payment in full.

According to my records, my balance is $_______. Based on a settlement of ______%, I can

make my payment in full of $________ by ________(date).

If you accept this proposal, please notify me at the address below and please be prepared to

report this account as “paid in full” to all three credit reporting agencies once I have made the

payments we agree upon, and indicate such in writing to me as soon as possible.

Thank you.

Sincerely,

Bruce Smith

Address

City, State, Zip

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Parent category: Letters