ACCOUNT_FIRST_NAME ACCOUNT_LAST_NAME

ACCOUNT_ADDRESS_SINGLE_LINE

To: CREDITOR_NAME

06 October 2022


Dear CREDITOR_NAME 


Full and Final Settlement of Outstanding Debt 


I, ACCOUNT_FIRST_NAME ACCOUNT_LAST_NAME [ID Number], understand that I am owing you an outstanding debt of DEBT_AMOUNT.  The following being the reasons for the delay in payment:

DELAY_REASONS  

After various discussions between you and me, you fully understand my difficulties and willing to consider my proposed arrangement to settle the debt.

In order to settle this matter amicably, I offer you the sum of CURRENCYAMOUNT(inclusive of interests and costs) as the full and final settlement of my debt. 

In the event that any of the cheques cannot be honoured, you have the right to demand immediate payment of the outstanding debts from me immediately.

Please confirm your acceptance by signing and returning a copy of this letter to me.  Thank you!

 

Yours sincerely,

ACCOUNT_SIGN_BLOCK

 

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