[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Request to Respond to Settlement Offer Dear [Recipient's Name], I hope this letter finds you well. I am writing to address a settlement offer that I received from your firm/company on [date]. I am a resident of the District of Columbia and have carefully reviewed the terms and conditions of the settlement offer. First and foremost, I would like to express my gratitude for considering this settlement offer. However, before I can make a decision, I would appreciate some clarifications and additional information related to the offer. Thus, I kindly request your prompt response in addressing the following queries: 1. Settlement Offer Details: a) Please provide a detailed breakdown of the settlement amount, including any interest and fees that may have been added. b) How was the settlement amount determined? Could you provide the calculations or relevant documents supporting the proposed figure? 2. Potential Impact: a) If I accept the settlement offer, will this clear my outstanding obligation in full? Are there any further or hidden costs associated with accepting the settlement? b) How will accepting this settlement impact my credit score and credit history? Will it be reported as "settled in full" or "settled as agreed" to the credit bureaus? c) Are there any potential legal or financial consequences for not accepting the settlement offer? Could you please provide details regarding the implications of rejecting the settlement? 3. Confirmation and Documentation: a) Could you please provide written confirmation of this settlement offer, including the agreed-upon terms and conditions? b) In case I decide to accept the settlement, what payment methods are acceptable? Are there any specific instructions for the payment process? Lastly, I would like to express my interest in resolving this matter amicably and in good faith. Hence, I kindly request your reconsideration of the settlement offer in light of the aforementioned questions and concerns. I look forward to receiving your response within [reasonable time frame] to allow me to make an informed decision. I appreciate your attention to this matter, and thank you for your cooperation. Should you require any further documentation or information from my end, please do not hesitate to contact me at [phone number] or [email address]. I hope we can reach a favorable resolution to this matter promptly. Thank you for your prompt attention to this matter. Sincerely, [Your Name]
District of Columbia Sample Letter for Request to Respond to Settlement Offer
Description
How to fill out District Of Columbia Sample Letter For Request To Respond To Settlement Offer?
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FAQ
I am writing about the money which you are claiming on the above account. I can confirm that I am unable to pay the money which I owe in full. Include a paragraph explaining your circumstances and details of your financial situation that you want the creditor to take into account.
In response to your letter dated [Date of Insurer's Letter], I am unable to accept your offer of $[Offer Amount] to settle my demand for compensation in Claim Number [Claim Number from Above]. The figure you offered is insufficient in light of the facts of the case.
I appreciate that your company is willing to work with me in settling the debts I owe. This letter is to confirm my acceptance of the verbal offer. The amount that your representative and I have mutually agreed upon to settle the debt in full is $ .
Two Options for Taking the Settlement Offer Read the settlement offer carefully or have an attorney review the offer to be sure it's legally binding ? that the creditor or collector can't come after you for the remaining balance at some point in the future. Or, you can even try to negotiate a lower settlement.
I would like to offer an amount of to settle the outstanding debt amount of $ with you. I also like to request you to include the following conditions as a part of my settlement offer: My account will be showing as 'paid in full' with no future liability or involvement.
To respond to a low settlement offer, evaluate the reasons for the offer. Determine the accurate value of the claim and the amount you are willing to accept to resolve it. Create a demand letter, provide more information or continue to pursue your legal claim as appropriate based on the circumstances.
Include a paragraph explaining your circumstances and details of your financial situation that you want the creditor to take into account. Enter the amount which you can afford to pay. and I want to offer this as full and final settlement of the account.
As agreed upon mutually, I confirm that I'll be paying $ towards settlement of my debt in full. As part of the settlement, I request you to remove any negative listing (late payment, collection etc) on this account from my credit file. I hope the above terms and conditions are acceptable to your company.
