DEBT SETTLEMENT LETTER
REQUESTING PAY FOR DELETE
(CREDITOR)
[Your Name]
[Your Address]
[Your Telephone]
[Date]
[Creditor’s Name]
[Creditor’s Address]
[City, Zip Code]
[Creditor’s Phone Number]
Re: Debt Settlement Proposal
Account Number: [Account Number]
To whom it may concern,
Thank you for taking the time to read this letter. I’m contacting you to open a negotiation
regarding the debt you claim I owe with the account number [account number]. I’d like to settle
this account, but I recently lost my job after I was forced to stay at the hospital for three months
due to a fire that destroyed my home.
Unfortunately, I spent most of my savings recovering from that incident. I’ve tried my best to
repay my debts, but my resources are limited. I’m facing severe financial hardship, and I’m
afraid that I may not be able to pay back some of what I owe.
Bearing that in mind, I hope you’ll be willing to work with me to settle this debt for [offer
amount]. In exchange for settling this debt, I’d also request that you remove any late payments,
charge-offs, or other negative marks related to this account from my credit report with all of the
three major credit bureaus (Experian, Equifax, and/or TransUnion) that you furnish data to. In
addition, if I pay this debt, you and any associated companies must agree to release me from all
liability related to it, and to take no further action against me to enforce or collect it.
I’ll pay the amount offered within [number of days/weeks/months] provided you send a signed
settlement agreement that satisfies all of my requests. Please be aware that, due to my
situation, I have many other financial obligations that may take priority if we’re unable to come to
