Unsolicited Debt Settlement Offer Letter

#1

I am writing to express my interest in paying and settling my debt in full. I have been through a very rough patch of my life financially. That is the reason I could not return your calls or write back to you despite your continuous reminders of late payments. I was out of town for a business deal and spent all my savings on the investment. Unfortunately, I bore a huge loss in that business as the office caught fire, and eventually, I ran out of money. 

The insurance company is compensating me for my loss. I intend to pay the amount I owe you in form of debt. As per my calculations, the total amount I owe you including the interest is $[x]. I want to pay you on the following terms. 

1. The total amount will be paid in two halves. 
2. The first half would be paid on or before 20th September 20xx.
3. The second half would be paid on or before 20th November 20xx.
4. All the negative entries from the account will be removed immediately after the first payment.

Please read the clauses carefully and let me know if you are willing to sign this new agreement. In case you have a query or question, please do not hesitate to give me a call on my number [x] or write an email to my new business account [x].

We can also meet and discuss things in presence of a legal advisor. In fact, I have arranged a visit for coming Monday. Do let me know if you can come. In case you agree to sign the new agreement, kindly sign this letter and acknowledge it.

Also, return a copy to me at [x] address. I look forward to your sheer cooperation and understanding. Thanking you in advance. 

Regards, 

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#2

I hope you are doing great. As per our last telephonic conversation, I am writing to show my willingness to pay my debt in full. I feel highly apologetic that I have not been to pay the installments for the last few months. I am facing a huge monetary crisis after my severe accident.

My leg got fractured and I was not able to move. You know I live alone in this town. There was no one to take care of me. My phone also got broken and I was not able to get it repaired. Hence I could not repay your visits or return your calls. 

I have been discharged from the hospital for the last week. I am recovering and regaining my health. Also, now I am able to walk with a stick. I request you to please visit me on coming Thursday so we may discuss the terms of repayments. I have already called my legal representative he will join us for further guidance in this matter. 

The amount due until now including the interest is $ [x] and I want to pay the amount in full. Kindly let me know if you are willing to sign the new agreement. In case you have a query, please do not hesitate to give me a call on my number [x]. Awaiting your positive response. Thanking you in advance. 

Regards, 

File: Word (.docx) Size: 12 KB

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