Demand for Executed Written Settlement Agreement & Paid-in-Full Letter

[CLIENT FULL NAME] [CLIENT ADDRESS LINE1] [CLIENT CITY], [CLIENT STATE] [CLIENT ZIP] Phone: [CLIENT PHONE] Email: [CLIENT EMAIL] Date: [TODAY] [RECIPIENT NAME] [RECIPIENT ADDRESS BLOCK] RE: FORMAL DEMAND FOR WRITTEN SETTLEMENT AGREEMENT AND RELEASE PRIOR TO REMITTANCE Account Number: [ACCOUNT ACCOUNT NUMBER MASKED] Original Creditor: [ACCOUNT ORIGINAL CREDITOR] Agreed Settlement Amount: $[SETTLEMENT AMOUNT] Dear [RECIPIENT NAME], I am writing regarding our preliminary settlement discussions concerning the above-referenced account. Pursuant to our communications, your agency agreed to accept the sum of $[SETTLEMENT AMOUNT] as full settlement and satisfaction of the alleged balance of [ACCOUNT BALANCE]. Please be advised that as a matter of strict practice, I DO NOT REMIT PAYMENT WITHOUT AN EXECUTED WRITTEN SETTLEMENT AGREEMENT ON COMPANY LETTERHEAD. Before funds can be released, please provide a written settlement letter signed by an authorized manager of your agency confirming: 1. Exact Settlement Sum: $[SETTLEMENT AMOUNT] is accepted as full accord and satisfaction of account [ACCOUNT ACCOUNT NUMBER MASKED]. 2. Zero Remaining Balance: Upon payment, the remaining balance is completely forgiven and canceled, with zero balance remaining. 3. Release & Discharge: Full release of claims prohibiting any future sale, assignment, or collection of the remaining deficiency. 4. Credit Bureau Update: Commitment to update credit reporting agencies to "Paid in Full - Settled" (or complete deletion) within 30 days. Upon receipt of this executed written confirmation, payment of $[SETTLEMENT AMOUNT] will be promptly remitted prior to [SETTLEMENT DEADLINE]. Sincerely, [CLIENT FULL NAME] Sent via Certified Mail, Return Receipt Requested: [LETTER CERTIFIED NUMBER]