Just check out our sample debt settlement letter to get an idea about what to write for negotiating with creditors.

How do write in official letter of application for settlement debts by installment

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Well, I agree to what Abbie has said. It is anytime better to take help of a third-party debt settlment agency in order to take the right steps forward while paying off your debt through installments. However, yes you need to be sure that you can actually repay the entire amount that you intend to repay.

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Make sure you agree to pay back what you can afford, keeping your current financial state of affairs in mind. Just be confident while negotiating with the creditors and appear earnest to convince them that you'll repay what you owe. 

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Hi! Thanks for reaching out. Preparing a settlement letter for payment of debt in installment is a very easy thing to do. But nowadays, it's a verbal agreement that most want to reach first with the creditor before sending out any lawfully accepted agreement. If your creditor agrees to your proposal, you can send a letter confirming "Acceptance of Verbal Offer" and finalize the deal.

Click here for a sample letter format: http://www.ovlg.com/letters/acceptance-of-verbal-offer.html

But it's always better to get help of an experienced and efficient settlement agency to work on your behalf. This undoubtedly helps you lower your debts, interest ad therefore, monthly installments.


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