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Debt Settlement Letter (Collection Agency: Plaza Associates )

June 12, 2008
Client:
Bank of America
Mastercard/Visa Card

Re :
Balance : $3,945.37
Account : #48889379
Control : #705
Client Savings: $2,545.37 (65%)

DEAR   ,

Please be advised that this officer in concurrence with our client, Bank of America Mastercard/Visa Card, agrees to accept one payment in the amount of $1,400.00 in settlement of the above referenced account.

Said payment sum must be in the form of a Certified Check to be received by the office on or before June 20 2005. To ensure proper delivery, please forward said payment via overnight express courier service.

Upon clearance of said Certified Check payment, as stated above, a letter will be provided to you stating account has been “Settled”. Furthermore this office agrees to advise our client to update you credit report accordingly.

If there should be any question s with respect in this matter, don’t hesitate to contact this office at 866-837-4889.



SML

Note* This communication is from a debt collector and is an attempt to collect a debt. Any information obtained will be used for that purpose

 
 

Synopsis:
The above debt settlement letter from debt collection agency, Plaza Associates represents a 35% settlement with our client.
The debt collection debt agency was assigned by that Bank of America to collect a debt balance originally owed by our client for $3,945.37. However, our debt negotiation settled the debt with Plaza Associates on behalf of Bank of America for $1,400. Our client's total savings was $2,545.37.

 
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