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Debt Settlement Letter – CREDITOR: American Express

 
October 28, 2009
Client Savings: $17,422 (70%)
    FAX TRANSMISSION, PER REQUEST
ATTN: Vick
FAX: 858-277-1280
RE: American Express
Account: 372390039511006
Current Balance: $24,902.94
 

DEAR XXXXXXXXXXXXXXXX ,

American Express agrees to accept $7470.88 as settlement in full on the above referenced account. Your payment must be received in our office no later than November 15, 2009. Please call our office to make arrangements to pay by direct check over the phone or send your payment overnight mail to the address below

US Payment Florida
2965 West Corporation Lakes Blvd
Weston, FL 33331

Upon receipt of your payment, American Express will update the three major Credit Reporting Bureaus to reflect that the account has been satisfied by a settlement.

On behalf of American Express, your demonstrated effort to satisfy this account is appreciated. If you have any questions, please feel free to call me at 1-866-462-5235.

Sincerely,

Ashley Anderson
American Express

kds

 

Synopsis:

The above debt settlement letter from creditor, American Express represents a 30% debt settlement we reached for our client.  The creditor originally sued client for $24,902.94. However, our debt negotiation settled the suit with American Express for $7,470.88. Our client's debt settlement total savings was $17,422.00.

 
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