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Debt Settlement Letter (Law Firm: Winn Law Group)

 
January 9, 2008
Client Savings: $1,678.56 (65%)
Re: (NAN) HSBC Bank et al vs. et al
Account Number: 46630600 (HSBC Bank Nevada, N.A.)
Balance Due : $2,568.56 with interest accruing @ 10,000% per annum
Dear   ,

We have received approval form our client to accept $890.00 as Settlement In full, provided said funds are received in this office on or before ; January 25, 2008 regarding the above referenced matter.

Please make your : W/U Quick Collect code city : (winnsims) personal check, cashier’s check and or money order payable to : Winn and Sims, Trust Account, and mail same to 110 E. Wilshire Avenue, Suite 212, Fullerton, CA 92832.

Should default occur in any terms indicated herein, we reserve the right to revoke this agreement and immediately proceed for the full balance then due.

If at any time during this arrangement we receive payment from Escrow and or a request for a Demand up to Escrow we reserve the right to revoke this agreement as it may limit our ability to settle. Any Demand submitted into Escrow will super code this settlement agreement letter.

Upon receipt of the settlement in full regarding this matter, we will then file with the court the “Satisfaction of Judgment” In addition, we will inform our client that this matter has been settled in full.

I sincerely wish to thank you for your cooperation and interest in resolving this matter without the necessity of further litigation. If you have questions or concerns please contact me at ext. 281.


This law firm is a debt collector, as defined by 15 U.S.C. #1692(a)(6), and this is an attempt to collect a debt. Any information obtained by us will used for that purpose.

Synopsis:
The above debt settlement letter from the debt collection law firm, Winn Law Group (Winn and Sims, A.P.C.) represents a 35% out-of-court settlement with our client.
The debt collection law firm was assigned by HSBC Bank to serve a summons and complaint (lawsuit) on our client to legally collect a debt balance of $2,568.56. However, our debt negotiation reached a mutual out-of-court settlement with Winn Law Group on behalf of HSBC Bank for $890. Our client’s total savings was $1,678.56.

 
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