WHAT IS THIS LETTER INTENDED FOR?
- This is the letter you use to negotiate a payment to the collection company for a removal of the debt after it's been paid.
- Offering full or partial settlement but in return they remove the debt.
- Most debt collectors will do this, but they ultimately want the full payment. Discussing your budget with them first will save you a lot of back and forth.
- This letter is extremely important because it let's the collection company know that you know your rights and are not requesting to restart the time clock on that debt.