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Debt Settlement Letter - CREDITOR: Washington Mutual Bank

 
Redline Recovery Services, LLC
95 John Muir Drive
Amherst, NY 14228-1144
1-716-250-4800

  Client Savings: $10,998.74 (80%)
07/29/2009

San Diego CA 92123-1757
WASHINGTON MUTUAL BANK

Client Name: ARROW FINANCIAL
Original Creditor: WASHINGTON MUTUAL BANK

Balance: $13,748.42
Account Number: xxxx xxxx 16076
Debtor ID: 3535842

DEAR   ,

Your account has been placed with our office for collections. Our agency is authorized to settle your account for a reduced balance of $2,749.68.

You can settle this matter by calling us and paying by phone or sending your check or money order along with payment coupon on the attached sheet. In the event that you are unable to make this settlement payment within the acceptance period indicated, please call our office to discuss your account. It is possible to extend the acceptance period under certain circumstances. We are not obligated to renew this offer.

Balance: $13,748.42
Settlement amount: $2,749.68
Acceptance Period Expiration: July 30, 2009

Upon receipt and clearance of the settlement amount, there will remain no further outstanding obligations pertaining to the account. We take pride in assisting our customers to resolve their situations. If you have any questions or wish to discuss your account with one of our representatives, please call our toll free number at 1-800-592-0230 during normal business hours. Monday - Thursday 8:00 AM - 9:00 PM EST; Friday 8:00 AM - 4:30 PM EST; and Saturday 9:00 AM - 12:00 PM EST.

Please send your payment or correspondence to the processing center listed below:

Payment Processing Center
11675 Rainwater Drive, Suite 350
Alpharetta, GA 30009

This is an attempt to collect a debt and any information obtained will be used for that purpose. This is a communication from a debt collector.

Synopsis:
The above debt settlement letter from creditor, Washington Mutual Bank represents a 20% debt settlement we reached for our client. The creditor originally demanded from our client a balance of $13,748.42. However, our debt negotiation with Washington Mutual Bank settled the debt owed for $2,749.68. Our client's total savings was $10,998.74.

 
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