• It’s not absolutely necessary that you settle your debt with a collection agency. Writing a well-written debt settlement letter is a great tool if you’re seeking a plausible solution to protect your credit score or avoid bankruptcy. The letter acts as the first attempt to recover your money.
We regret that despite our earlier communication to make this payment; our efforts have been in vain. The statistics reveal that even very financially responsible individuals sometimes face certain problems that are beyond their control and need a big dose of debt relief in order to help relieve their burden. In the letter include this information; A friendly collection letter is a letter you write to your debtors to remind them of an impending debt. Although your letter should demand confirmation from the bill collector or collection agency that the debt is paid in full, collectors often don’t respond to such requests so be sure to keep a copy to serve as proof you paid off the debt. Format, Your email address will not be published. Looking forward to hearing from you soon. As per the information by the department of the accounts it is clear that only your payment is due and we would like to close the balance sheet at the earliest. If the payment isn’t made by May 14, 2019, we will hand over the matter to our lawyer for legal action.
You can reach out to us in case of any doubt or clearance required from our side. [email protected], Subject :_______________________________________. Thousands of Americans file bankruptcy each year for a number of reasons whether it’s from job loss or serious health issues. It includes a negotiating point requesting to remove any late payments or charge off statuses from your credit report. Remember this can have a significant effect on your credit rating, therefore pay immediately or contact us for an alternative arrangement. … 111-212-2111 Unless the agreement is in writing regarding the exact amount that both you and the creditor are settling upon, it could come back to haunt you someday. It is a crucial aspect that needs to be dealt with with complete care and honesty. I would be glad if we can settle the payment process as soon as possible and before the due date ends. So, to avoid any further delay and complication to this matter, we would like you to make the payment at the earliest and close the case as soon as possible. So, a Letter of Request will be a perfect way to show your professionalism and this will also make the other party respond to the first party immediately. The letter will demonstrate to the borrower that the lender is serious about wanting their money and it will also serve as evidence if the case needs to go to court. Track every penny that flows in and out of your account.
We would like you to consider the invoice attached with this mail and complete the payment before the due date ------ (mention the date).
This is a formal letter that clearly states the circumstances for the loan, the required repayment and a suggestion that taking the issue to court may be an option if the debt is not repaid. We would request you to either reply to this notice or clear the payment as soon as possible. If the amount is already paid, then ignore this mail or if it is still pending, then please complete the process as early as possible. We are looking forward to hearing from you again and having a great association with you.