Being in financial trouble, especially in regards to debt, is an unbelievably stressful situation to be in. To make matters worst, often times, third party collection agencies use harassing and abusive measures to collect those debts. Established into law in 1977, the Fair Debt Collection Practices Act, or FDCPA helps protect consumers from defamatory and inappropriate actions from third party collection agencies. The FDCPA has helped millions of consumers from debt collectors from being called endlessly and other illegal activities in attempts to collect their debts. Writing a Debt Settlement Letter If you do not wish to drag out the legal process against a debt collection agency, you have an option to asking the third party collection agency to to settle your debt for less than the amount you owe. In that letter you can offer a settlement amount that you are willing to pay and let them know that you do not you do not have enough money to pay more than that amount. What You Can Do Next By working with an experienced FDCPA attorney, they will be able to help you reach a fair settlement with the collection agency. An attorney will be able to help you write the actual settlement letter and will negotiate with the collection agency throughout the entire process. You don’t have to fight this battle alone. Here’s some more information on how to settle your debt with some of the largest biggest debt collectors in the United States Ad Astra Recovery Services, Inc. Atlantic Credit & Finance Avante USA, Ltd. CBE Group, Inc. Collection Bureau of Hudson Valley DCM Services Delta Outsource Group Gatestone & Company International Inc. General Revenue Corporation Glass Mountain Capital, LLC Harris & Harris LTD. McCarthy Burgess & Wolff Medical Financial Solutions Medicredit National Commercial Services, Inc. NCB Management Services, Inc. Northstar Location Services Penn Credit Prince Parker & Associates Rash Curtis & Associates Recovery Solutions Group RGS Financial Scott & Associates SRS and Associates Inc. Wakefield & Associates, Inc.