Debt Settlement Letter - NCI Nationwide Credit, Inc.
The Debt Settlement Letter Above Was Negotiated with Nationwide Credit, Inc.
The above settlement from a collection agency named NCI was obtained at 34.65% of the existing balance. NCI accepted $5,500 on a $15,874.04 debt. This is still another great settlement offer. The usual settlement, based on past experience and industry trends, is between 40% and 60% of the existing balance.
“Be advised that both this agency and American Express Travel Related Services agree to accept a single payment of $5,500.00 (Five Thousand Five Hundred Dollars and 00/100) as settlement on the above referenced account. Make your check payable to American Express and return it to our attention no later than 7/27/05 via telephone posting.
Accepting this offer will end your obligation for this debt, at a substantial cost savings compared to your account balance. Please mail your payment today.
If any of the above conditions are not adhered to, the agreement is null and void, the balance in full due immediately and no further settlement agreement will be negotiated.”
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