Paid in full letter sample - debt, loan
Such a paid in full letter should be sent to a debt collection agency after you pay the amount you agreed upon. A differently worded letter is used to inform other collectors that are still collecting on the debt that you paid in full. Alternatively, you can get paid in full letter from a creditor informing you that loan or account is paid in full. The following letter sample informs collection agency of the final payment and also warns of continued collection efforts.
Date {MM/DD/YYYY}
Your name
Your address
Phone/fax/email
Attention {debt collector name}
Debt collection agency name
Debt collection agency address
Re: {account number}
Dear Sir or Madam,
Enclosed, please find my final payment on the above referenced account. I request written confirmation showing this account as paid in full as per our agreement concluded on {date of agreement}. If you choose not to provide me with confirmation, I will use your acceptance of this final payment as proof that you agree the account is paid in full and this matter is settled.
Now that this debt is paid full, I do not expect to hear from you except to confirm the account is paid. I will consider any other contact from you or your collection agency as harassment, and will immediately report your actions to my State Attorney General and to the Federal Trade Commission and take whatever legal action is necessary. Finally, I expect you to update the account status with 3 credit reporting agencies and remove this account and my personal information completely from your records.
Your signature
Your printed name
See previously settled debt letter.
Sun Sep 20, 2009 12:09AM | Copyright: www.bad-credit-advisor.com | More in Relieving Debt | Comments (0)
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