This form is a sample letter in Word format covering the subject matter of the title of the form.
Sample Letter Rejecting Settlement Offer With Credit Card In Philadelphia
Category:
State:
Multi-State
County:
Philadelphia
Control #:
US-0014LTR
Format:
Word;
Rich Text
Instant download
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Form popularity
FAQ
Tips for Writing a Counteroffer Letter State clear reasons backed with research. Communicate other job offers. Emphasize your sought-after skills. Formulate your wants as requests rather than demands. Use polite, neutral terms. Edit and proofread.
Be sure you send your letter to the appropriate person, whether that be an insurance adjuster or an attorney. Make it clear that you are rejecting their initial offer and include your reasons for doing so. If they provided written reasons for their low initial figure, you should also respond to those in writing.
I am writing in response to the settlement offer you presented on Settlement Offer Date, related to claim number Claim Number for the incident that occurred on Incident Date. After careful consideration, I must reject this offer as it does not meet my needs based on the severity and ongoing nature of my injuries.
Within the letter, you can indicate that you reject the offer and highlight why you deserve a higher settlement amount. You should also counter their reasons for offering the lowball initial offer. Your explanation behind these reasons can be critical in getting a better second offer from the claims adjuster.
Be as neutral and matter-of-fact as possible. If the insurance company made any error in its assessment of your claim, you should be clear when addressing that in your written communication. State the settlement offer you are willing to accept and the reasons why.
If the offer from your credit card debt settlement company is significantly less than what the creditor believes they can collect, they may reject it. You're Still Making Payments: If you've been able to keep up with payments, creditors might not feel incentivized to settle.
Specifically, the rule states that a debt collector cannot: Make more than seven calls within a seven-day period to a consumer regarding a specific debt. Call a consumer within seven days after having a telephone conversation about that debt.
Keep your emotions out of the letter and stick to facts, such as the extreme pain and suffering you have had to endure and the frustration and hassle of attending medical treatments. Be professional, courteous, and confident, and never attack the claims adjuster personally in your counteroffer letter.
This letter should state: That you will not accept the initial settlement offer; The reasons why you feel you deserve a higher settlement amount; Each of their low-offer reasons, and your responses; The higher settlement amount that you will accept.
