Sample Letter For Debt Settlement Agreement In Salt Lake
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Your debt settlement proposal letter must be formal and clearly state your intentions and what you expect from your creditors. You should also include all the key information your creditor will need to locate your account on their system, which includes: Your full name used on the account. Your full address.
The parties therefore agree as follows: PAYMENTS. (a) Settlement Amount. CREDITOR'S RELEASE. (a) Credit Reporting Agencies. CREDITOR'S REPRESENTATIONS. The Creditor states that. EFFECTIVE TIME OF RELEASES. GOVERNING LAW. AMENDMENTS. COUNTERPARTS; ELECTRONIC SIGNATURES. SEVERABILITY.
Unfortunately, my circumstances are unlikely to improve in the foreseeable future and I have no assets to sell to help clear my debt. I am therefore asking you to consider writing off my debt as I can see no way of ever repaying it. If you are unable to agree to this, please explain your reasons.
I am writing this letter to state that on _ (Day) i.e. (Date), I got relieved from your _ (Company/ Organization) but my full and final settlement has not been done. I request you to kindly do the full and final settlement and send me all dues (if any).
