(City, State, Zip)
(Creditor’s Account Number)
This is in response to verbal debt settlement agreement made between myself and your customer service representative (Name of customer service representative) on [date]. I appreciate that your company is willing to work with me in settling the debts I owe.
This letter is to confirm my acceptance of the verbal offer.
The amount that your representative and I have mutually agreed upon to settle the debt in full is $______.
I earnestly request you to take into account the fact that your representative and I have agreed to eliminate interest rates and penalties related to this account. I also request you to co-ordinate with the credit bureaus and eliminate all the negative markings related to this account.
I hope the above terms acceptable will be acceptable to you. If they are, please sign this letter and return a copy to me.
I will send the settlement amount to you through a money order as soon as I receive the signed and acknowledged agreement from you.