Hector Milla Editor of the "Best Debt Settlement Services" website -- http://www.BestDebtSettlementServices.com -- pointed out;
“…To begin the debt settlement process, you must send out an initial settlement offer. This is also called an unsolicited offer. It is a good idea to type the letter and sign the bottom, as this indicates a willingness to address the debt in a professional manner. In this letter, you will propose that you pay a smaller amount of money than the original balance. Start your negotiations by offering 50% of the original balance. For example, if you owe $2,000 on your ABC credit card, offer to pay $1,000 to settle the debt in full…”
Here is a sample letter for this process:
Consumer’s Name Today’s Date
Consumer’s Phone Number
Name of Correct Department
Creditor’s Full Address
I am contacting you today in regards to account number _______________________
After a lengthy time of financial hardship, I am now in a position to satisfy the debt under the aforementioned account number. I would like to ask for your cooperation in helping to resolve this debt. I am putting forth a sincere effort to settle my debts and pay them off.
I would like to propose a full payment toward this debt in the amount of $ _______. I propose that this amount be accepted as payment in full of the aforementioned debt. In addition, I would like to request that all late payment remarks or charge-offs be removed from my credit bureau reports.
I am currently working cooperatively with several additional creditors for debt settlement purposes, and therefore, my funds are limited. For this reason, I have chosen to settle those debts which can be satisfied through settlement proposals, such as I am proposing to you today.
A couple of my creditors have already made acceptable settlements with me. I would like to include this debt among the paid account. If the above proposal is acceptable, I will pay the agreed upon balance in full. Please sign the bottom of this agreement. Please keep the original for your records and send me a copy of the signed document. Upon receipt of the signed agreement, I will send you the agreed upon funds via money order in a timely fashion.
Consumer’s Printed Name
Further Information By Visiting; http://www.BestDebtSettlementServices.com