How to Write a Debt Settlement Letter

Written By Melissa Cook
Feb 14, 2020
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Learning how to write a debt settlement letter can help you reduce your debt quicker. Across America, many individuals struggle with a variety of debt issues. Check out our article on the US household debt. It can be difficult forging a universal method to rid every American from troubling debt problems. However, Americor Financial Services has a solution.

Debt settlement letters are requests to creditors to expunge your debt balance in exchange for a cash settlement. Granted, debt settlement letters aren’t always accepted by creditors. Nonetheless, here are some tips on how to create a debt settlement letter with proven results.

Debt Settlement Letters

Writing a debt settlement letter can be a tricky process for a beginner. This process involves creating an attractive pitch to a creditor that your settlement is worthy enough for them to wipe out your debt balance. Here are a few tips to follow to craft an excellent debt settlement letter and receive offers:

  • Make sure you have the appropriate funds for a potential settlement with your creditor. Highlight this amount in your letter and explain that this amount is the most you can offer.
  • When calls start to come in from debt collectors, you do not have to answer them. Nonetheless, make sure you check your voicemail for potential offers. Many times, creditors won’t send these offers in the mail.
  • If you are considering filing for Chapter 7 bankruptcy, let your creditor know. This can actually forge some leverage between you and your creditor. In this case, creditors are hesitant to allow you to lose everything on your account, so they will likely try to negotiate a settlement.

We Have the Debt Relief Solutions You Need

Sending a debt settlement letter to your creditor isn’t always the best solution for eliminating your existing debt. However, Americor gives you a wide array of possibilities to become debt-free in as little as six months.

Is debt settlement worth it? If you want to learn more about debt settlement letters or for a free debt consultation, contact an Americor representative to discuss your situation.


Keep reading: debt settlement vs bankruptcy


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About Americor

Americor provides debt solutions to thousands individuals and families all over the country. We’re a next-generation debt relief company with a proprietary platform designed to help clients get out of debt quickly. Together we’ll develop a strategy for you to enjoy a debt free lifestyle. Learn more about how Americor can help relieve the burdens of debt today.

18200 Von Karman Ave, 6th Floor Irvine, CA 92612
New Clients:
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Existing clients:
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We provide debt resolution services. Our clients who make all monthly program payments save approximately 40 – 50% of their enrolled debt (average of 43%) upon successful program completion, before program fees. Fees are based on a percentage of your enrolled debt at the time of starting the program and range from 15%-25% of your enrolled debt. Programs range from 20-48 months. Clients must save at least 25% of each debt due to an enrolled creditor before a bona fide settlement offer will be made. On average, clients receive their first settlement within 4-7 months of enrollment and approximately every 3-6 months thereafter from when the prior debt was settled. Not all Clients complete the program. Estimates are based on prior results and may not match your results. We cannot guarantee that your debts will be resolved for a specific amount or percentage or within a specific timeframe. We do not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting, legal advice or credit repair services. Our program is not available in all states; fees may vary by state. Some programs may be offered through The Law Firm of Higbee & Associates d/b/a Advantage Law. The use of debt resolution services will likely adversely affect your credit. You may be subject to collections or lawsuits by creditors or collectors. Your outstanding debt may increase from the accrual of fees and interest. Any amount of debt forgiven by your creditors may be subject to income tax. Clients may withdraw from the program at any time without penalty and receive all funds from their dedicated account, other than funds earned by the company or fees paid to third-party service providers, as may be applicable. Read and understand all program materials prior to enrolling. Certain types of debts are not eligible for enrollment. Some creditors are not eligible for enrollment because they do not negotiate with debt relief companies. To determine the offers you may be eligible for, Americor conducts a “soft credit pull.” This credit pull does not impact your credit score, creditworthiness, or ability to obtain credit from other sources. The soft pull is not a tradeline entry, it does not report against your score and will only take a few minutes.

Americor Funding, LLC (18200 Von Karman Ave, 6th Floor Irvine, CA 92612) is fully accredited by the Better Business Bureau (BBB), the American Fair Credit Council (AFCC), and the International Association of Professional Debt Arbitrators (IAPDA). CA Department of Financial Protection and Innovation (DFPI) License # 603K913.

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