Creditor Payment Agreement Letter

Your creditors have agreed over the phone to you making lower payments based on your current financial hardship. Follow up your conversation with a letter outlining the terms of the agreement.

After negotiating a reduced payment plan with your creditors, this free sample letter can be used to write your own personal letter confirming the terms of the reduced or delayed payment agreement.

Free Sample Letter for confirming payment agreements with creditors based on your current financial hardship

Today’s Date

Your Name
Your Address

Attention: {Creditor’s Name}
Credit Department
Creditor’s Address

RE: Account #: {your account number here}

Dear Mr. /Ms. {insert name of person you spoke with}

Thank you for speaking with me today about my temporary problem in making my normal payments, and for also agreeing to the following payment arrangement on my account.

As agreed upon in our conversation, I will make reduced payments in the amount of $ _____ on or before the ______ of each month for a period of ____ months and after that time will resume making normal payments. see alternate text below

Thank you for your help and understanding in this matter. If you have any questions regarding this matter I can be reached at (insert daytime phone number with area code).

Sincerely,

Signature just above printed name
Your Printed Name

Source: http://www.debt-n-credit-letters.com

Credit Purchase Complaint Letter

You purchased or leased a product or service on credit but are not satisfied! Sending a complaint letter that clearly explains your problem with a product or service is a powerful method for resolving complaints.

Free Sample Letter
Complaining After a Purchase or Lease of a Product or Service

Today’s Date

Your Name
Your Address

Business Name
Business Address

Dear {Consumer Affairs Department or President} ,

Re: (account number, if applicable)

On (date), I (bought, leased, rented, or had repaired) a (name of the product, with serial or model number or service performed) at (location, date and other important details of the transaction). state problem

Unfortunately, your product (or service) has not performed well (or the service was inadequate) because (state the problem). I am disappointed because (explain the problem: for example, the product does not work properly, the service was not performed correctly, I was billed the wrong amount, something was not disclosed clearly or was misrepresented, etc.).

To resolve the problem, I would appreciate your (state the specific action you want – money back, charge card credit, repair, exchange, etc.) Enclosed are copies (do not send originals) of my records (include copies of receipts, guarantees, warranties, canceled checks, contracts, model and serial numbers, and any other documents).

I look forward to your reply and a resolution to my problem, and will wait until (set a reasonable time limit) before seeking help from my local or national consumer protection agency and filing a complaint about your business with the Better Business Bureau. Please contact me at the above address or by phone at (daytime phone number with area code).

Sincerely,

Signature
Your Printed Name

Keep copies of all correspondence
and all related documents (letters, faxes, email, etc.)

source: http://www.debt-n-credit-letters.com

Credit Complaint Resolution Letter

Use this FREE letter to make a settlement offer when you wish to pay less than the debt collector is demanding!

Feel free to print this page, or copy and paste the text into a word processor. If neither option works for you, then use this to have Rich send you a free copy of this letter in Microsoft Word format.

Free Sample Letter for Confirming Actions
Promised by the Company or Creditor

Today’s Date

Your Name
Your Address

Business Name
Business Address

Re: (account number, if applicable)

Dear {use the name of the person with whom you spoke with}

Thank you for speaking with me today and for agreeing to resolve my complaint.

For the record, my complaint is (clearly but briefly describe your complaint – use facts)

As agreed upon in our conversation, you will state that you or your company will (state the specific action agreed upon including all details) See note below

Thank you for your help and understanding.

Sincerely,

Signature
Your Printed Name

Credit Card Dispute Letter

You discover an error on your monthly credit card bill and need to dispute the error with your credit card company.

The Fair Credit Billing Act (FCBA) outlines your specific rights and your credit card company’s specific responsibilities when you dispute an item on your credit card bill. When disputing credit card bills, always do so in writing and in a timely manner. In your letter provide specific facts, descriptions, figures, names, dates, locations and so forth. Equally important is including a certified copy of receipts, a bill of sale, the credit contract and any other document that support your claim.

FREE Sample Letter for Disputing Errors on Credit Card Bills

Today’s Date

Your Full Name
Current Address
Current Phone Number

Name of Credit Card Company
Mailing Address (check your statement for the correct address! It’s usually different than the one you mail payments too)
City, State, Zip

Dear {Insert name of Credit Card Company from statement}

I am disputing an item on my statement, dated {insert date of statement}. Please note that this letter is dated within the 60-day limit required under the Fair Credit Billing Act.

or use the following paragraph instead

I am disputing an item on my statement dated {insert date of statement} because I am unable to determine from my records what the charge is for. I need more information about line item {place the line item number or description here}. Please send copies of any documents you have pertaining to this item.

Please use the following information to investigate my claim:

{Insert your name as it appears on your credit card statement}

Date of Statement: {Insert the date from the statement you are disputing}

Account Number: {Insert credit card account number}

Date of Transaction: {Insert date from statement}

Description of Transaction {Copy from statement}

Describe Error: {If disputing dollar amount, insert amount using $0.0 format}

{Insert explanation of why you believe an error occurred} see more examples below

I understand that you have 30 days to respond and 90 days to either resolve my dispute or inform me in writing of why the bill is correct. Until then, I will pay any amount due except for the amount in question and await your letter explaining all actions taken concerning this dispute.

If your investigation shows the information to be accurate, I respectfully request that you provide an explanation of your findings, a statement of what I owe, including any finance charges that have accumulated and any minimum payments I’ve missed while questioning this bill. If I agree with your findings, you can expect my payment in the amount you say I owe within the 10-day limit allowed under the Fair Credit Billing Act.

Sincerely,

Signature
Printed Name

Close Account Letter

You have one or more inactive credit accounts with a zero balance that are hurting your credit score!

Open but inactive credit accounts with a zero balance can hurt your credit score. Consider closing inactive accounts with a letter addressed to the creditor requesting the account be closed and the correct status, “closed by consumer” reported to the credit reporting agencies

Free Sample Letter
Closing Inactive Credit Accounts With Zero Balance

Today’s Date

Your Name
Home Address
Phone Number

Attention: {Creditor’s Name}
Creditor’s Address
RE: Account #: {your account number here}

Dear Accounting Department {or Creditor’s Name if you have it}

Please close the above referenced account effective immediately. I spoke with {insert name} on {insert date} at {insert time}, and {he/she} assured me that the “payoff balance” would be no more than $ {insert dollar/cents amount}. I’ve enclosed a check for that exact amount.

Or alternatively… Please close the above referenced account effective immediately. My records indicate the account has a zero balance.

Please send me written confirmation that this account has a zero balance and the date the account was closed . Also, include proof that you’ve complied with section 623(a)(4) of the Fair Credit Reporting Act by reporting this account as “closed by consumer” to the national credit bureaus.

Thank you for your cooperation. If you have any questions concerning this matter I can be reached at (insert daytime phone number and area code)

Sincerely,

Signature just above printed name
Your Printed Name

Source: http://www.debt-n-credit-letters.com

Amend Debt Payment Letter

Your financial situation has worsened leaving you no choice but to reduce the amount you can offer your creditors each month.

When circumstances such as a loss of job, divorce, separation even the death of a loved one cause us financial hardships, it’s in our best interest to let our creditors know right away. Use the sample letter below to write your own personal letter informing your creditors of your financial situation and for making a payment offer that you can afford.

Free Sample Letter for
Amending Previous Payment Agreements with Creditors

Today’s Date

Your Name
Home Address
Phone Number

Attention: {name of collector}
Name of Debt Collection
Agency Address

Account Number: {place account or reference number here}

Dear Mr. /Ms. {Creditor}

This letter is to inform you that my financial situation has worsened since our previous payment agreement. Given my significantly reduced income, I have no choice but to request an amendment to our original payment agreement dated {insert date}.

Based on my current income and the number of other creditors I owe money too I promise to pay
$ _________ each month, ( week, every two weeks etc.) until my account is paid in full.

If my financial situation improves and I am able to increase my payment, I will contact you immediately. Please send written confirmation of your acceptance or rejection of this offer to my address outlined above.

As a show of good faith I have enclosed payment in the amount of the lower payment. I thank you for your understanding in this matter and look forward to your favorable consideration. If you have any questions concerning this matter I can be reached at (insert phone number and area code).

Sincerely

Sign above printed name
Your Printed Name

Source: http://www.debt-n-credit-letters.com

Sample Letter to Dispute Credit Report

Date

Credit BureauAddress

RE: Acct#..

Dear TRW:

I have just received my credit report and have noted that it contains erroneous information regarding the following accounts. I would like them deleted from my record:

Collection Account____________ This is not correct, please remove it.
American Express___________ This is not mine please delete it.Sears Account__________ this is mine but was never past due.

Please reinvestigate and delete these disputed items. 30 days constitutes a reasonable amount of time to confirm these. Please send names and business addresses of those persons you contacted for any verifications also, as per the Fair Credit Reporting Act, please send me notification that the items have been deleted.

Please send an updated copy of my credit report to the following address:

Sincerely,

Your name
Your address
Your Social Security #

Sample Letter If You Get No Response From a Credit Bureau

Date

ATT: Consumer AssistanceCredit BureauAddress

RE: Credit report #______

Dear TRW:

On March_______and April__________, I sent you letters requesting items be investigated on my credit report. (See enclosed copies)As of yet I have not received a response from you. Under the Fair Credit Reporting Act you are required to respond within a “reasonable period of time.”

I am sending this letter certified so I will know you did receive it. In this way I will have no option but to pursue my legal rights if I do not receive a response.

Sincerely,

Your signature
Your name printed
Your Address
Your SS#

Sample Letter Disputing Specific Items and Inquiries On Your Credit Report

Date

Credit BureauAddress

RE: Credit report #

Dear TRW:

Going over my credit report I have found it has many errors. I request your investigation of the following:

1. Sears I spoke with Sears again to verify my records. They confirmed this as my account and that there were no late payments to this account. They will draft a letter if needed to correct this error. Please contact this creditor.

2. Foreclosure 5/92 I did not have a foreclosure in 1992 or since then. Please remove this.

3. Collection Account_________I have tried to get to the bottom of this with the information your company supplied. How are you able to confirm when I cannot? (See enclosed copy). This is not mine. Please remove this.The consumer has no protection against automobile salesmen who are not concerned about a persons credit report or what problems multiple inquiries cause. Your credit bureau has legal responsibility in this matter.

There should be more supervision on access to credit reports.I did not authorize the following inquiries and demand they be removed from my file:

1. GMAC There are 4 different days in November of 2000. Why would this be? Please remove 3 of these entries. I only authorized one time.

2. Nissan Motor Acceptance Corp. I only authorized one. Please remove the other 4 entries.

These listed accounts are not my debts nor my authorized inquiries. Please correct this by the removal of these items from my credit report. Please send a copy of my corrected possible to my address listed below.

Sincerely,

Your signature
Name
Address
Social Security Number

Sample Dispute Letter Requesting a Reinvestigation of Items on Your Credit Report

Date

ATTN: CUSTOMER RELATIONS DEPARTMENT

Credit Bureau Address

Dear TRW:

I have been around and around with your company regarding the errors which I have. And they continue to remain on my consumer credit report.I am again noting that problems have been discovered and they continue to remain unresolved.

I don’t know how to better state my problem nor do I know how to correct the errors.

The following accounts are not mine.

Account names and numbers

Since you have not given me names of persons with their business addresses that you contacted for re-verification of information, so that I could follow up as I requested, I assume that you have not been able to verify the information I have disputed.If this problem continues and I am forced to seek some form of professional assistance, you have been forewarned of the harm which this problem is causing me.

I shall assume that 30 days constitutes a “reasonable time” to complete these actions unless you immediately notify me otherwise.

Send me an updated copy of my credit report with these items deleted.

Thanks,

Signature
Your name
Address
SS#