I’ve been sued by a law office representing a company (junk debt buyer) for a credit card bill 3 years back. Though I’ve answered to the summons, I don’t want to take the issue up to court. I want to settle something outside. I’ve already talked to them and they have agreed to decrease the amount to 40% of the total outstanding balance. Now I want to make sure everything happens in writing and therefore, want to send them a debt settlement letter.