This can lead the creditor to deposit the letter in the trash. If the creditor has agreed to settle the debt over the phone, the difficulties should not be mentioned in the letter. It should be written in the form of an official business letter and addressed to the creditor or the person responsible for repaying the debt. Below is a model of a debt settlement letter, based on a previous interview in which the creditor agreed to the terms of the debt settlement. (name of creditor/collection office) and (name of debtor) here matter agree to compromise the amount of the debt under the following conditions: If no debt account is proposed, the creditor must stop a collection office, or even go to court, which he wishes to avoid. This debt settlement agreement (the “contract”) specifies the terms of the contractual agreement between [COMPANY] and the place of [ADDRESS] (the “debtor”) and [COMPANY] with its main place of activity [ADDRESS] (the “creditor”) which agrees to be bound by this agreement. The letter should indicate facts and not be a place where the debtor complains about his difficulties and keeps complaining about his problems. PandaTip: In other words, this agreement is now the debt control agreement and, in any case, the terms of that agreement are different from those that were signed previously, the terms of that agreement are the ones that are used. Several pieces of information will be needed to balance the text of this agreement. In the beginning, we will consolidate the parties who intend to enter into this contract.
First, we will identify the creditor. That is, the party that holds the debt. Write down the creditor`s legal name on the first space of the first paragraph. Then, with the second empty line, document the address of the creditor`s street. Finally, the third and fourth empty posts will need the city and the state linked to the creditor`s designated road address. Then we will identify the debtor. This is the party that is required to repay the debts outstanding to the creditor. We must document the same information about the creditor in the rest of this paragraph. Then, if you are looking for the fifth empty space in this paragraph, document the debtor`s full name.
Continue the debtor`s report with his address, city and state of residence on the sixth, seventh and eight empty spaces. Several other domains will also require information, starting with “I.