Sample Debt Negotiation Letter Use this sample debt negotiation letter as a template for your formal negotiation letter. Last updated on February 10th, 2019
Below is a sample debt negotiation letter. It is recommended that a lawyer or debt counselor review the letter to make sure all of the terms used are accurate. It should be sent by certified mail with a return receipt requested.
If the letter is going to a debt collector, the consumer may have a better chance of getting a favorable result if they send the letter towards the end of the month. The consumer should keep a copy of this letter and any other communication with the creditor.
Sample Debt Negotiation Letter Janice Carroll 89 Cincinnati Lane Arthurdale, WV 26520
February 10, 2019
Gold City Credit Card 2800 San Diego Parkway San Diego, CA 92120
Subject: Past Due Credit Card Account
Dear Sir or Madam,
I am writing to you about my Gold City MasterCard with account number 5189-0987-4567-3409-1290. As you can see by reviewing your records, this account has falling seriously delinquent. It is my intent to set up an arrangement to pay the past due and make this account current. I want to continue to be a Gold City MasterCard holder and desire to bring my account to a good standing.
Currently my account is four months past due. I was in a car accident in December of last year and this caused me to be off work for more than 6 months. This caused a severe financial deficit in our family budget. However, I have returned to work and am anxious to resolve this matter.
Please contact me as soon as possible to work out a repayment plan. I appreciate your patience and understanding in this matter. I can be reached anytime on my cell phone at 740-908-1239.