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sample letter to CA with payment arrangements

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abigorbot



Joined: 01 Sep 2009
abigorbot's page
Posts: 34



778 Magic Points

Subject: sample letter to CA with payment arrangements
 
Posted on Mon Sep 28, 2009 12:06 am  

Is there a sample letter that I can send to the collection agency showing the payment arrangements that I'm offering? I've seen the pay to delete sample letter but i'm not sure how to modify it to show that.

I want to tell them that I will make arrangements to pay $7 per their settlement. They said the settlement was good until 8/31 but the debt had been validated by them with my ex-husband and my name. What you recommend that I say in regards to the interest? I want to put in there that I will pay the loan remainder because my ex is MIA but nothing more than that.

Sample Pay for delete letter / Pay for deletion letter:

Name of Collection Agency
Address of collection agency

Re: Collection Account for Original Creditor Account Number
Amount: $50.00

Dear Collection Officer,

This is for your information that the validity of the debt has been disputed. I am not aware of the account number and neither did you inform me regarding the existence of this account.

I am willing to pay this account IN FULL (or a settlement percentage, whichever is feasible) if you agree to immediately delete the account from the credit reporting agencies (namely Equifax, TransUnion and Experian) that you have reported to. My sole purpose is to get the item removed from my file. It should not be interpreted as recognition of the debt as valid or acknowledgment of liability for the same.

Incase you accept the terms of the agreement, the certified amount of $50 will be sent to the collection agency provided there is complete deletion of any reference to the debt from my file, from all the credit bureaus that you have reported to. As the full amount demanded will be paid back there should not be any waiting phase regarding the deletion of the items from the reporting bureaus.

Your agency should be deleting all information regarding the account from my credit files within 10 calendar days from the receipt of the payment as mentioned in the agreement. The terms of the agreement will not be discussed with anyone but your client on this account. No third party should be informed if contacted. No acknowledgment of debt or any kind of payment or settlement should be informed if contacted by the Reporting Agencies.

Following the acceptance of the agreement please prepare a letter on your company letter head unambiguously agreeing to the mentioned terms and conditions as the above settlement offer and have it signed by the authorized signatory of your agency. The letter will imply a legal contract, enforceable under my state laws.

In case I do not receive any approval letter within 15 days of your receipt of this letter I will withdraw this offer and request debt validation as per the Fair Debt Collection Practices Act.

Please communicate regarding this account to the address mentioned below.

Your Name
Your Address
State Zip Code.
Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 1238



28944 Magic Points

 
Posted on Wed Sep 30, 2009 6:35 am  

Hi abigorbot,

You said that they have already validated the debt. Why don't you send them a debt settlement offer letter first? After they agree to your offer, you have to send a debt settlement agreement letter followed by a pay for delete letter, of which you have an idea now. You will get some idea of an offer letter from http://www.debtconsolidationcare.com/letters/sample19.html . This should help you in stating your point clearly. However, always remember to send the letters via certified mail.
_________________
All the Best Smile
Justin
abigorbot



Joined: 01 Sep 2009
abigorbot's page
Posts: 34



778 Magic Points

 
Posted on Wed Sep 30, 2009 10:15 am  

Thank you Justin for the link. I had looked through the sample letters here and asked in the pay for delete thread. I was told that I could modify that letter with arrangements.

I just sent out the letter yesterday. Do you think I should send out a debt settlement agreement letter or wait?

I'm so very stressed out by the whole thing right now.
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 4246



96 Magic Points

 
Posted on Wed Sep 30, 2009 10:29 am  

abigorbot,

I would probaly wait to get a reply from the first letter. Let them agree to the debt settlement offer letter and then follow through with each of the other letters. One suggestion is if they do not agree for a pay for delete could you possibly offer to pay the balance if they would agree. With the debt looking as if it is only $50 it would be a small cost to pay to just get it iff your record. I would tr the settlement amount and asking for a PFD first. I am just suggesting another route if they do not agree for the PFD<
Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 1238



28944 Magic Points

 
Posted on Wed Sep 30, 2009 10:33 am  

Hi,

I think you should wait before sending out any other letter. First let them reply to your pay for delete letter. See what they reply to that and then plan to send another one. When you get a reply to the letter you have sent, go through it properly.
_________________
All the Best Smile
Justin
abigorbot



Joined: 01 Sep 2009
abigorbot's page
Posts: 34



778 Magic Points

 
Posted on Wed Sep 30, 2009 11:10 am  

Fireyone:

The debt is more than $50. I pasted a copy of the sample letter in my post. When I first talked to the agency, they offered $7k. Now that I have all the paperwork. The difference between the original loan amount and what was charged off would be $6k. I offered $6k with $100 monthly payments. Debt has both mine and my ex's name on it and he hasn't paid anything on. I had been the only one that had made any payments.
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