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Debt Settlement Letter (Creditor: Bank of America)

 
Debt settlement
March 10, 2009
Save $13,002.17 (74%)
RE: Settlement Proposal
BANK O FAMERICA
ACCOUNT #: 8958474
FILE # : -213
CURRENT BALANCE: $17,585.17

DEAR,

THIS LETTER IS INTENDED TO VERIFY THAT WE, CREDITOR FINANCIAL GROUP, HAS BEEN AUTHORIZED TO ACCEPT $1,695.00 BY 06-06-08 AS SETTLEMENT IN FULL FOR THE ABOVE MENTIONED ACCOUNT. FAILURE TO COMPLY WITH THESE AGREED CONDITIONS WILL MAKE THIS OFFER NULL AND VOID.

UPON CLEARANCE OF YOUR PAYMENT(S).THE ACCOUNT WILL BE CONSIDERED SETTLED IN FULL. YOUR SETTLEMENT AND RELEASE NOTICE IS PENDING RECEIPT OF YOUR PAYMENT.

THIS COMMUNICATION IS FROM A PROFESSIONAL DEBT COLLECTOR. THIS IS AN ATTEMPT TO COLLECT A DEBT. ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE
SINCERELY,

CREDITORS FINANCIAL GROUP,


MIKE QUIRK
COLLECTION CONSULTANT
Debt settlement
COLORADO OFFICE HOURS : 8:00 A.M. - 7:00 P.M. MONDAY THROUGH THURSDAY.
8:00 A.M. - 3:00 FRIDAY 7:00 A.M. - 11.00 A.M. SATURDAY
MAILING ADDRESS 131 SOUTH VAUGHN WAY, SUITE 110
AURORA , COLORADO 80014
 

Synopsis:
The above debt settlement letter from Bank of America represents a 30% settlement with our client.  The creditor was owed a debt of $5,603.54.  But Bank of America agreed to a settlement amount of $1,695. As a result, our client’s total cash savings was $3,908.54.  

 
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