Charge Off Negotiation Letter

Use the letter below trying to negotiate a charge off. If accepted by the bank, it needs to be signed and dated on the bottom by its representative. You can put your name and social security number on the very bottom, but Do Not sign until bank signs. This letter is for the bank internal collection department, not an outside debt collection agency.

Date

From:
Your Name
Your Street Address
Your City, State Zip
Your Social Security Number

To:
Collection Manager
Capital One
PO Box 1236
Chicago IL 60606

RE: Account #012354575/ VISA/ Amt: $1,247

Dear Collection Manager:

This letter serves as my intent to resolve the past due balance that was written off as a charge-off by Capital One.

This debt went unpaid due to the circumstances and hardship beyond my control.

I am now in a position to settle this matter.

I will send you via certified mail a cashier’s check for $1,247 in return for the official letter stating that Capital One agrees to remove this derogatory CHARGE OFF status from all credit reporting agencies.

Capital One will also change the status of original record to PAID AS AGREED/CLOSED BY CONSUMER

This letter must be on official Capital One letterhead with all relevant signatures.

Only after I receive such a letter and review it to my satisfaction, I will forward to you the payment in full.

 

Capital One Collection Manager signature:____________________

Capital One Collection Manager signature date:_________________

Sincerely,

Your Name

Do Not sign your name

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