Business Law
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Debt Settlement Agreement
This letter is used by individual or companies that are requesting the creditor to set up an alternative payment plan pay down some if not all the debt owed. The requestor is asking the credit company to accept a payment plan so the debtor can make the payments. The sample letter includes the following language: I would appreciate your co-operation in making this payment plan effective as soon as possible. I request that you accept a monthly payment of $ instead of the regular payments of $ . I shall begin making regular monthly payments as soon as I recover from this financial crisis. I hope you will understand my situation and co-operate with me. I shall notify you of any change in my financial situation.
Debt Settlement Agreement
This letter is used by individual or companies that are requesting the creditor to set up an alternative payment plan pay down some if not all the debt owed. The requestor is asking the credit company to accept a payment plan so the debtor can make the payments. The sample letter includes the following language: I would appreciate your co-operation in making this payment plan effective as soon as possible. I request that you accept a monthly payment of $ instead of the regular payments of $ . I shall begin making regular monthly payments as soon as I recover from this financial crisis. I hope you will understand my situation and co-operate with me. I shall notify you of any change in my financial situation.
Letter of Acceptance of Verbal Offer
This letter is sent to confirm a verbal offer of settlement between an individual and a credit company. This letter can be used as proof that you have reached an agreement and confirming such agreement in writing. The sample letter includes the following language: I would appreciate if you would co-ordinate with the credit bureaus and remove any negative listings related to this account.
Letter of Acceptance of Verbal Offer
This letter is sent to confirm a verbal offer of settlement between an individual and a credit company. This letter can be used as proof that you have reached an agreement and confirming such agreement in writing. The sample letter includes the following language: I would appreciate if you would co-ordinate with the credit bureaus and remove any negative listings related to this account.
Pay for Delete Settlement Letter
This letter is used by individuals and companies that may have negative credit reporting on their credit report and they are asking the credit agency to make changes to the report. The sample letter includes the following language:Â I sent you a letter requesting you to remove inaccurate information from my credit report. But, I find after reviewing my report with your bureau, that the disputed item is still listed
Attorney Engagement Letter
This attorney engagement letter provides the identification of the parties, legal services provides, responsibility of attorney and client, compensation, costs, and general provisions.
