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Sample Debt Settlement Letter No. 3

       
 
        



Here is another example of an excellent settlement negotiated by a seminar client. The settlement is for 39% against an account balance of $21,484.89, for a net savings of $13,106.37. Also, notice that the creditor agreed to four monthly payments to satisfy the settlement. This multiple-payment arrangement allowed the client to accomplish the deal, where a single lump-sum payment would not have been feasible due to the large balance involved. A third-party debt settlement company would have charged a negotiation fee of $3,277 to accomplish the same result the client achieved on their own (after a little training and coaching). (The $3,277 negotation fee is based on the industry standard of 25% of the amount saved, which does not include the additional upfront fees and monthly fees).

Note: The image file below is a reproduction of a faxed 2-page original scanned and shown as a single image. 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.

Debt Settlement Letter - 39% Creditor Offer with Multiple Payments

 

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