A Guide to Our Debt Settlement Letter

by Kate Mccormick - Solicitor

Our guide to our debt settlement letter will outline all relevant information and give you step by step instructions on how to fill out the template.

A Guide to Our Debt Settlement Letter

This Debt Settlement Letter is the third letter that should be sent out by a business or individual to try to obtain payment of a debt owed to them if the debtor has still not made payment. It offers a proposed settlement with the debtor inviting them to enter into negotiations with you to settle the debt.

Paragraphs in this Debt Settlement Letter

You can change the wording of the letter and the offer in it depending on your requirements. For example, you can offer the debtor the chance to make part payment only or to pay by instalments. You should insert details of the exact amount(s) to be paid and the date(s) for payment.