Here is yet another settlement for 40% of the existing balance. This letter is indicative of a settlement coming in at the low end of our average range of 40 to 60 percent.
"RE: Chase Bank USA, N.A.
Account Number: XXXXXXXXXXXXXXXX
Amount Owing: $21,514.58
Settlement Amount: $8,605.60
This letter verifies that we, NCO Financial Systems, Inc., have authorization to accept $2,000 as a down payment due in our office as follows: $1,500.00 on 9/15/06 and $500 on 9/25/06 with a payment plan as follows: We will accept $500 a month for 6 months due in our office no later than the 20th of each month beginning on 10/20/06. A missed or late payment will void this courtesy arrangement. Your account will be reviewed at the expiration of this period for a change in your financial circumstances.
This is a communication from a debt collector. This is an attempt to collect a debt. Any information obtained will be used for that purpose. Calls to or from NCO Financial Systems, Inc. may be monitored for quality assurance."
