Sample Credit Card Debt Settlement Letter

A Credit Card Debt Settlement Letter is used when you are trying to negotiate the amount of money you will need to pay on an outstanding balance with a collection agency or credit card company. This type of letter is often written when you find you will be unable to repay the full amount of debt you owe and will need to negotiate a lower amount to settle the debt. A Sample Credit Card Debt Settlement Letter is available for download below.

To write a Credit Card DebtSettlement Letter you will want to include the following:

• The address of the agency managing your credit debt.
• Opening greeting and a statement explaining why you are requesting the settlement. Include the account number for reference.
• If the credit card debt has been moved to a collection agency, include the name of the credit card and its number. Also, detail the last time you made a payment on the card.
• To better help explain your financial situation, you can describe why you fell behind in payments (such as a loss of a job, severe illness, or other extenuating circumstance).
• Close by stating the amount you are able to pay immediately and provide your contact information.
• Closing salutation and signature.

Still looking for a particular template? Take a look at the related samples and templates below:

• Debt Forgiveness Letter Template;
• Sample Debt Forgiveness Letter;
• Sample Request for Debt Settlement Letter.