Letter to Settle Past Due Account

This Letter to Settle Past Due Account is for use when a debtor desires to settle a past due account. This letter sets forth the name and address of the creditor or collection agency, account number and the proposed amount to settle the account. It also sets forth if settlement will be made in one lump sum or by payments for a set amount of time. In addition, this letter requests that any negative credit information be deleted from debtor’s credit files. (continued ...)