This contract shall served to spell out the terms of a settlement offer between, hereafter referred to as CONSUMER and, hereafter referred to as CREDITOR on acct number _______________________.
Upon receipt of a certified check from the CONSUMER for $______________, the creditor agrees that this balanced owed on acct number _______________ is zero and that no further payment or fees are due from the CONSUMER at any time in the future.
In addition, the creditor agrees to remove any references to late payment or charge off regarding this account from CONSUMER’s credit file, and will instruct any collection agency assigned by CREDITOR or its assignees to collect this alleged debt to do the same.
This contract supercedes all other contract between the debtor and creditor.
I attest that I am authorized to make decisions regarding the making and acceptance of settlement offers for outstanding credit card for thecompany.
Read, Approved and Accepted by:____________________ Date:__________
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