• We will report your account to he national credit bureaus as “settled”.

We look forward to receiving your payment.

MBNA account ending: 7824/0641 - 50% Savings

Balance: $15,562.20/$6,437.57

Your balances at the time of our settlement offer are $15,562.20 and $6,437.57. We will accept $7,782.00 and $3,219.00 as settlement of these accounts.

Please keep this letter as a confirmation of your settlement agreement, as the terms of this offer will not be reflected on our monthly statement.

DISCOVER account ending: 6745 - 50% Savings

Balance: $11,520.79

We have been authorized to offer you the opportunity to settle your account..

A settlement of 50% on your current balance has been approved. This one-time payment of $5,760.40 must post on your account via Telephone check by XXXX for this settlement offer to be valid.

Upon receipt of your payment, an update will be sent to the major credit reporting agencies informing them that this account has been settled in full.

CITIBANK account ending: 8049 - 49% Savings

Balance: $11,272.11

We are willing to settle your account for 49.68% of the current balance which is $11,272.11. This settlement amount is $5,600.00.

The benefits to you are:
1)   Your debt will be “Paid in Full”
2)   You account will be reported to the credit bureaus with a zero balance.
3)   We will not be forced to refer your account to a collections agency or attorney for non-payment.

eTRADE account ending: 3146 - 43% Savings

Balance: $12,757.33

Thank you for contacting us regarding the e-Trade account referenced above. We appreciate this opportunity to reply.

We have approved your proposal for 43.1% settlement totaling $5500.00. The remaining balance on your account will be $7,257.55. E-Trade bank will not seek to collect this balance. We will, however, report that amount to the national credit reporting agencies as a settled amount.

MBNA account ending: 5425 - 36% Savings

Balance: $30,352.88

This letter confirms our agreement to settle the above account.

Your balance at the time of our settlement offer is $30,352.88. We will accept $11,000.00 as settlement of this account.

Please keep this letter as a confirmation of your settlement agreement, as the terms of this offer will not be reflected on your monthly statement.

BANK OF AMERICA account ending: 8124 - 40% Savings

Balance: $16,965.48

Per our conversation, this letter sets forth a proposal to settle the above-referenced account. We will accept $6,800.00 as a settlement on this account. To accept this offer, you must agree to make a payment of $6,800.

By completing this payment, you account will be considered settled, and you will not be obligated to pay the remaining balance, provided no additional charges appear on this account after the date of this letter.

Another Happy PDS Customer

Sarah,
First of all I wanted to thank and your colleagues you for all of your attention with our situation.  You have made us feel comfortable with what we are doing.  We really appreciate your phone calls and attentiveness.  We see a light at the end of a long dark tunnel knowing you are helping us out.