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Looking for a settlement letter


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I'm drafting a settlement letter and need input. I see the one sisflomi recently posted, and one the Admin has on the main site. I'll be using parts of those.

I remember someone posted one I thought was really good, and I wonder if you might help me find it. It was in a response by the guy that had/has a photo on himself standing next to a blue-faced alien or something (at least that's what I SEEM to remember). I think it might have been BrassFan. Can someone please HELP a brutha?

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Try this one spoonynix, good luck

Your Name



Creditor Address

City, State, Zip

Re: Account Number

Dear Sirs:

This letter is an offer to amicably settle the above account. It is not to be construed as an acknowledgment of my liability for this debt in any form.

I will pay your company the amount of $____ as full settlement of this account.

If you accept this agreement, I will send you a money order or certified cashiers check for the settlement amount of $______ in exchange for a full deletion of all references regarding this account from my credit profile with all credit reporting agencies and full satisfaction of the debt. This agreement is binding and will be void should you not hold up to your end of the agreement. Furthermore the debt will be deleted from my credit profile at all three credit bureaus or the bureaus your company regularly reports to in the course of doing business.

If you agree to the above, please acknowledge with your signature and return a copy to me. Upon receipt of this signed acknowledgment, I will promptly send you a money order or cashiers check in the amount stated above.

Notice: This agreement is restricted. This is not a renewed promise to pay but rather a restricted settlement offer only. By not signing below, you agree that the debt has not been renewed nor has any concrete written agreements been exchanged

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This one maybe?

Dear Creditor

It has been a pleasure working with you & I thank you for working with me on this. As you are aware, over a year ago I suffered a few setbacks that severely impacted me financially. To the effect that it has led this account to being in state that is in. Unfortunately it has left me with little resources to satisfy this account and a host of other creditors that I am in the same position with.

Going forward, I feel obligated to your company and want to make in effort to settle this for $__ dollars as payment in full. In addition, any references to late payment or charge off regarding this account are removed from my credit file.

If these terms are acceptable to your company, please sign below and return a copy to me. Upon receipt of this acknowledged agreement, I will express you a money order in the amount stated above.

Read, Approved and Accepted by:________________ Date:_____


Your name

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