Debt Settlement Request Letter Templates

Template 1: Debt Settlement Request Letter for Credit Card Debt

[Your Name]
[Your Address]
[City, State ZIP Code]
[Date]


[Credit Card Company Name]
[Address]
[City, State ZIP Code]

Dear Sir/Madam,

Watercolor painting woman typing on a sleek black laptop

I am writing to request a debt settlement for my credit card account. Due to unforeseen circumstances, I am unable to pay off my credit card debt in full. 

I have always been a responsible borrower and have never missed a payment in the past. However, due to financial difficulties, I am unable to make the required monthly payments.

I am requesting a settlement for [insert amount of debt owed] on my credit card account. I understand that this is a significant reduction in the outstanding balance, but I assure you that this is the maximum amount I can afford to pay at this time. I would be grateful if you could consider my request and offer a settlement plan that is mutually beneficial.

Please note that I am committed to paying off my debt and will make every effort to repay the agreed-upon settlement amount. I would appreciate it if you could provide me with a response to this request within [insert a reasonable time frame].

Thank you for your time and understanding. I look forward to hearing from you soon.

Sincerely,

[Your Name]

Template 2: Debt Settlement Request Letter for Medical Bills

[Your Name]
[Your Address]
[City, State ZIP Code]
[Date]

[Medical Provider Name]
[Address]
[City, State ZIP Code]

Dear Sir/Madam,

I am writing to request a debt settlement for my medical bills. I recently received a statement for medical services provided to me, and I am unable to pay the full amount due to my financial circumstances.

I would like to request a settlement for [insert amount of debt owed] on my medical bills. I understand that this is a significant reduction in the outstanding balance, but I assure you that this is the maximum amount I can afford to pay at this time. I would be grateful if you could consider my request and offer a settlement plan that is mutually beneficial.

Please note that I am committed to paying off my debt and will make every effort to repay the agreed-upon settlement amount. I would appreciate it if you could provide me with a response to this request within [insert a reasonable time frame].

Thank you for your time and understanding. I look forward to hearing from you soon.

Sincerely,

[Your Name]

Template 3: Debt Settlement Request Letter for Student Loans

[Your Name]
[Your Address]
[City, State ZIP Code]
[Date]

[Student Loan Provider Name]
[Address]
[City, State ZIP Code]

Dear Sir/Madam,

I am writing to request a debt settlement for my student loans. Due to unforeseen circumstances, I am unable to make the required monthly payments. 

I have been struggling to make ends meet and have been unable to find a job that pays enough to cover my expenses and student loan payments.

I would like to request a settlement for [insert amount of debt owed] on my student loans. I understand that this is a significant reduction in the outstanding balance, but I assure you that this is the maximum amount I can afford to pay at this time. I would be grateful if you could consider my request and offer a settlement plan that is mutually beneficial.

Please note that I am committed to paying off my debt and will make every effort to repay the agreed-upon settlement amount. I understand that this may negatively impact my credit score, but I believe that this is the best option for me given my current financial situation.

Thank you for your time and understanding. I look forward to hearing from you soon.

Sincerely,

[Your Name]

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