South Carolina Sample Letter for Request to Respond to Settlement Offer
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How to fill out Sample Letter For Request To Respond To Settlement Offer?
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FAQ
You can accept an Offer, reject an Offer, or make a counter-Offer. You must serve your Offer on your partner, and their lawyer if they have one. Rule 6: Service of documents tells you how to serve your documents. If you, or your partner, accept an Offer, you put the terms of the Offer into a written document.
Settlement agreements include a release of liability, meaning once you sign, the insurance company is not responsible for any additional payments. Even if you later realize the offer you accepted is far short of what you deserve, the liability waiver will prevent you from seeking more money, even if you file a lawsuit.
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.
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.
State the settlement offer you are willing to accept and the reasons why. You can repeat the position you stated in the first demand letter. Your attorney can advise you on whether you should stick with the amount stated in your first demand letter or if you should present a counteroffer.
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 $ .
If you have determined to respond to a low settlement offer yourself, consider the following: Stay polite and professional. We understand it's a frustrating and emotional process. ... Ask questions. ... Offer the facts. ... Put your response in writing. ... Don't be bullied.
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.
