West Virginia Sample Letter for Request to Respond to Settlement Offer
Description
How to fill out Sample Letter For Request To Respond To Settlement Offer?
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FAQ
If you're thinking about negotiating a settlement or repayment agreement with a debt collector, consider the following three steps: Confirm that you owe the debt. ... Calculate a realistic repayment plan. ... 3. Make a repayment proposal to the debt collector.
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.
I am writing about the money which you are claiming I owe on the above account. I can confirm that I am unable to offer to pay in full what I owe. and I want to offer this as an ex-gratia payment in full and final settlement of the account.
Dear Sir/Madam, I am writing to request my full and final settlement amount as I have resigned from my job on [Date]. I would like to confirm that I have cleared all the advances taken during my tenure, and there are no outstanding loans or debts from my end.
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.
Your debt settlement proposal letter must be formal and clearly state your intentions, as well as 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.
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.
If you choose to reject the low settlement offer, you must communicate your decision to the claims adjuster. Your legal representative can help you write a letter that states your intentions. Within the letter, you can indicate that you reject the offer and highlight why you deserve a higher settlement amount.
