Debt Settlement Offer Letter
Negotiate a settlement with a creditor or collector. We'll help you prepare a formal settlement offer.
Document Preparation Fee
$299
This fee covers guided preparation of your debt settlement offer letter based on your specific situation.
What This Is
A debt settlement offer letter is a formal written proposal to settle a debt for less than the full amount owed. It outlines your financial hardship and presents a specific settlement amount.
When to Use This
- You're facing financial hardship and cannot pay the full debt amount
- A debt has been sent to collections and you want to negotiate
- You want to settle an old debt and move forward
- You have a lump sum available but less than the total owed
What We'll Ask You
We'll guide you through 12-14 questions including:
- Original creditor and current account holder details
- Total debt amount and your settlement offer
- Reasons for your financial hardship
- Payment terms and timeline you're proposing
- Whether you want this settlement in writing first
What You'll Receive
A professionally formatted settlement offer letter with appropriate tone and legal language, ready to sign and send via certified mail. You'll download it as a PDF and send it yourself.
What This Is NOT
- This is not credit repair or debt consolidation services
- This does not guarantee your offer will be accepted
- This is not legal advice or attorney negotiation
- You prepare and send this document yourself
Disclaimer: PastDu provides document preparation services, not legal advice. This service helps you prepare a settlement offer letter. We do not negotiate on your behalf or guarantee creditor acceptance. For legal advice, consult a licensed attorney.