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Debt Settlement Letter - CREDITOR: CITIBANK (Settled Judgment)


 
ALLEN L. ADKINS & ASSOCIATES, P.C.
Attorneys at Law
June 4, 2009
Client Savings: $8,601.00 (59%)
4010 82nd Street, Suite 230 (79423)
P.O. Box 3340
Lubbock, Texas 79452
 
Telephone: (806) 796-7375
Facsimile: (806) 771-0062
Toll Free: (806) 796-7378
RE: CITIBANK (SOUTH DAKOTA), N.A.
Judgment in Cause No: xx7232
Judgment Date: August 6, 2008
Judgment on Account No.: xxxx xxxx 6881
Total Judgment Balance due as of June 4, 2009: $14,600.91

DEAR   ,

This letter is being sent to you to confirm that we have agreed to accept two installments totaling $6,000.00 as a settlement of the judgment which was taken in the above-referenced case. This payment will settle the debt and satisfy any judgment or lien present.

As we have made known to you, the first installment of $3,000.00 must be received in this office on or before 07/04/2009. The second installment of $3,000.00 must be received in this office on or before 08/04/2009.

Payment can be made via check-by-phone by calling 1-866-796-7378. Otherwise a cashier's check or money order should be made payment to CITIBANK (SOUTH DAKOTA), N.A. and mailed to: Allen L. Adkins & Associates, P.C., P.O. Box 3340, Lubbock, Texas 79452. Please include account number(s) on your cashier's check or money order. Thank you for your courtesy and corporation. If you have any questions or concerns, please feel free to contact my office.

YOU ARE PUT ON NOTICE THAT WE ARE ATTEMPTING TO COLLECT A CONSUMBER DEBT AND ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE. THIS COMMUNICATION IS FROM A DEBT COLLECTOR.

 
 

Synopsis:
The above debt settlement letter from creditor, Citibank represents a 41% debt settlement we reached for our client. The creditor had won a judgment against our client for $14,600.91. However, our debt negotiation settled the Citibank judgment with Allen L. Adkins & Associates for $6,000.00. Our client's debt settlement total savings was $8,601.00.

 
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