Lump Sum Debt Settlement Letter Template

A Lump Sum Debt Settlement Letter is a document that can be used when a debtor would like to offer their creditor a sum of money in exchange for a debt settlement. The purpose of the letter is to ask the creditor for debt forgiveness and offer them a lump sum.

Generally, with this letter, a debtor offers a specific amount of money - a portion of their debt - and asks the creditor to forgive the rest. In some cases, when the creditor understands the chances that the debtor will cover the whole debt are too small, they agree to this way of debt settlement. A Lump Sum Debt Settlement Letter template can be downloaded below.

To make sure your letter contains all of the necessary parts, you can follow an approximate plan:

1. Introduction. You can start your letter by stating the reason for writing and providing the details of your debt (when you borrowed money, how much you borrowed, etc.).
2. Debt Settlement Details. In this part, you can describe your offer. It includes stating how much you are able to pay back, when and which way you can transfer the money, etc.
3. Conclusion. At the end, you can thank the creditor for their time and express your hope to hear from them soon.

Haven't found the template you're looking for? Take a look at the related templates and samples below:

• Sample Request for Debt Settlement Letter;
• Sample Credit Card Debt Settlement Letter;
• Debt Validation Letter Template.