Sample Debt Settlement Letter - Collection Agency 30% Settlement

Sample Debt Settlement Letter -- $14,973 Saved!

Who says you can't settle with Collection Agencies? Here is a great example of a 30% settlement made with a Collection Agency. The client paid only $4,514 against a debt balance of $15,044, and saved a whopping $10,530. As you can see, it's not necessary to be a professional negotiator to achieve these results. While 30% deals are less common than 40% to 50%, this letter is proof that it's certainly possible to work with Collection Agencies to settle your accounts. Bear in mind that this account was past the point of "charge-off" by the original creditor, who then assigned the debt for collection activity to this organization. Even at this late stage, the creditor still wanted to cut their losses and get what they could for the account. Would a third-party settlement company have achieved the same deal? Perhaps. But they would have charged more than $2,250 to do so.

Note: The image file below is a scanned reproduction of a faxed original. The client's name, address, and account information have been deleted to protect their privacy. No other alterations have been made in any way to the originals or the digital images.

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Sample Debt Settlement Letter - 30% Collection Agency Settlement

Charles J. Phelan has been helping people become debt-free without bankruptcy since 1997. A former executive in the debt settlement industry, he teaches the do-it-yourself method of debt negotiation. Audio-CD material plus expert personal coaching helps consumers achieve professional results at a fraction of the cost.
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How to Eliminate Your Debts Quickly and Safely Without Filing Bankruptcy

$100,000 in Credit Card Debt: Financial Survival Tactics for High-Balance Debtors & Small Business Owners