Letter to Settle Past Due Account

This Letter to Settle Past Due Account is for use when a debtor wishes to settle a past due account. This letter sets forth the creditor or collection agency, account number and proposed amount to settle the account. It also sets forth if settlement will be made in one payment or by monthly payments. This letter also requests that creditor remove any negative credit information from debtor’s credit report. It is important that this letter be sent in writing. A written offer to Settle Past Due Account serves as notice that a debtor is offering to settle a past due account.

This Letter to Settle Past Due Account includes:

• Creditor Information: Name and address of the creditor or collection agency and debtor’s account number;
• Proposed Settlement: Debtor’s proposed settlement terms and if payment will be made in one sum or over a period of months;
• Credit Information: Debtor requests that any negative credit information be removed from his or her credit report;
• Certified Mail: This letter should be sent via certified mail or other type where the debtor will have proof that the letter was received.

This attorney-prepared packet contains:

1. Letter to Settle Past Due Account

State Law Compliance: This form complies with the laws of your state

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• State:

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  Number of Pages:

   3

• File Types Included:

  
  √ Microsoft Word
  √ Adobe PDF
  √ WordPerfect
  √ Rich Text Format
  

• Compatible with:

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