Debt Settlement Letter - Washington Mutual Bank
Debt Settlement Letter from Washington Mutual Bank
Here we have a 34% settlement. Our debt arbitration can be most effective in eliminating debt for our clients. This settlement falls well below our average of 40% to 60%. Just as this letter falls well below the average, a settlement can go above the average also. No reputable firm can guarantee a specific result, and if they do, we suggest you seek help elsewhere.
"We appreciate your willingness la settle your account. This letter confirms the settlement arrangement we agreed to on 05/19/20067.
- You agreed to pay a total of at least $5,286.49 to settle your account.
- Your initial payment of at least $2,700.00 is due by 05/31/2006.
- 3 monthly payments of at least $862.83 are due on day 28 starting 06/28/2006.
- We agree to forgive the remaining balance on this account after your final payment posts and clears. We will submit a request to the credit bureaus to update your credit profile.
We must receive your payments by the due dates referenced above. If you are mailing your payments, please allow 7 to 10 days for your payments to reach us, If you have already arranged for payments using our pay-by-phone service, we will process your payments on the dates agreed to when your arrangement was booked. Your payments will post to your account by the due dates above."
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