Settlement letters to creditors are letters sent by a consumer to a lender with whom they have a past due account. The purpose of the letter is to offer a lump sum payment to settle the account and stop any further colle... More » Business & Finance Credit & Lending

When writing a letter to a creditor, include details about the debt in question, including your name, the name of the company or credit card issuer, and the account number, says The contents may also vary base... More »

When writing a financial hardship letter to creditors, the individual should explain why he is unable to pay his debt, explain his plan of action for taking care of the debt and express his desire for a mutually benefici... More » Business & Finance Credit & Lending
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