I have two doctor bills that I sent validation letters on and they validated. I want to pay these two bills in full with an A&S, but I want to send a letter first, before payment. I live in NC, so do the creditors, so A&S is strictly enforced, or so I'm told. I just would feel better sending a letter first, getting a signature that they agree. I'm not sure how to word the letter, any suggestions? I was going to just send letter with checks, with notations on face and back of check, but don't know which is better to do. Any help would be appreciated.
Accord and Satisfaction. Yes, they do show up on my reports. Accord and Satisfaction is used to get a creditor to accept payment in full or somtimes partial payment, for deletion of an account.
This is a basic settlement letter used for collection accounts. Modify it as you see fit. Don't use a personal check or any reference to you transit numbers. Use a money order or bank check. ---------------------------------------------- Date: Creditor Address City, State, Zip Re: Account Number Dear Sirs: This letter is an offer to amicably settle the above account. It is not to be construed as an acknowledgment of my liability for this debt in any form. I will pay your company the amount of $____ as full settlement of this account. If you accept this agreement, I will send you a money order or certified cashiers check for the settlement amount of $______ in exchange for a full deletion of all references regarding this account from my credit profile and full satisfaction of the debt. This agreement is binding and will be void should you not hold up to your end of the agreement. Furthermore the debt will be deleted from my credit profile at all three credit bureaus or the bureaus your company regularly reports to in the course of doing business. If you agree to the above, please acknowledge with your signature and return a copy to me. Upon receipt of this signed acknowledgment, I will promptly send you a money order or cashiers check in the amount stated above. Notice: This agreement is restricted. This is not a renewed promise to pay but rather a restricted settlement offer only. By not signing below, you agree that the debt has not been renewed nor has any concrete written agreements been exchanged. Creditorâ??s Authorized Signature: _____________________________ Date:____________ Name Title : Sincerely, Do not sign or date letter (This is necessary to avoid renewing the debt, should the creditor refuse to agree.) ---------------------------------------- Good luck.
