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Debt Settlement Letter (Creditor: GE Money Bank)

 
RE : xxxx xxxx xxxx 2322
       HOME DESIGN/GEMB
Client Savings: $1,371.10 (31%)
Dear   ,

The current balance on the above referenced account as of 07/19/2007,
Including finance charges and late fees due, is $2,067.10.

Pursuant to the recent telephone conversation regarding the above referenced account, you are advised that if we receive and can post $696.00 no later than 08/02/2007, this account will be considered settled.

GE Money Bank
PO Box 960061
Orlando, FL 32896-0061

If you have already paid the agreed upon settlement or paid through an alternate payment method, disregard the above payment instructions. If you have any questions concerning this account, please contact (800) 399-5166.

Your account is issued by GE Money Bank – Member FDIC.

Sincerely,

Collections Department

Note: This letter is an attempt to collect a debt and any information obtained will be used for that purpose.

Synopsis:
The above debt settlement letter from creditor, GE Money Bank represents a 31% settlement with our client. The creditor originally demanded from our client a balance of $2,067.10. However, our debt negotiation with GE Money Bank settled the debt owed for $696. Our client's debt settlement total savings was $$1,371.10.

 
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