Shown above is a 40% settlement. This resulted in a 60% savings to the customer.
"Your balance of $6,532.80 on the above referenced account is scheduled to be written off as a bad debt this month. For the next seven years, any potential employer, mortgage company, car dealership, or creditor will see this mark on your credit file.
As a final attempt to demonstrate our good faith to resolve this debt, FlA Card Services, N.A. is offering you the following option.
• You can save 60% by settling your account. This is a savings of $3,920.00. To get started, pay $203.00 by September 12, 2006, and call X-XXX-XXX-XXXX to make the remaining payment arrangements on your account. Once you have paid off your account, your debt with FlA Card Services, N.A. will be resolved. You will not receive any further phone calls or letters. Your credit report will show your account as settled and closed."
