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Debt Settlement Letter By Collection Agency
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Debt Settlement Letter to Prince Parker & Associates*

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According to a landmark law passed by the United States in 1977, consumers have several legal options when dealing with a debt collection agency. You can dispute the validity of an alleged debt or claim the statue of limitations has expired in your state on the collection of the outstanding credit card or personal loan account.

Another legal option involves sending a debt settlement request letter to a third party debt collector such as Prince Parker & Associates.

A debt settlement agreement involves the consent of a consumer and a bill collector. Debt settlement agreements typically allow consumers to pay less than what they owe on an outstanding debt.

Payment options include sending a lump sum or establishing a monthly payment plan. In either case, you want to settle the debt to meet the terms of the original credit agreement and thus, prevent a delinquent debt from lowering your credit score.

Why You Should Speak with a Consumer Protection Lawyer?

By working with an experienced FDCPA lawyer, you can expect to draft a highly credible debt settlement letter that is acceptable to Prince Parker & Associates, as well as ensure you can still meet other personal finance obligations.

Your lawyer will write a letter using clear legal language that refrains from including any emotionally charged requests. A debt settlement lawyer drafted by your consumer protection lawyer will also propose to pay back a percentage of the delinquent debt.

You might also face an aggressive third party debt collector that uses abusive language and or issues multiple threats. Any violation of the FDCPA, including waking up in the middle of the night to answer a phone call from a debt collection agency is legal grounds for your lawyer to take action.

Legal action can involve sending Prince Parker & Associates a cease and desist letter or filing a civil lawsuit in state court against the bill collector.

Debt Settlement Letter to  Prince Parker & Associates*

Writing an Actual Debt Settlement Letter to Prince Parker & Associates

Whether you owe money on a credit card, payday loan, or health care account, most debt collectors will settle the outstanding debt for as low as 25 cents on the dollar. Third party debt collectors perform exhaustive research to determine the ability of consumers to settle delinquent debts.

Writing an actual letter to Prince Parker & Associates should follow a template that your FDCPA lawyer has created for proposing debt settlements.

The actual debt settlement letter sent to Prince Parker & Associates should include the date of the letter, as well as your contact information, as the top of the letter. Within the first paragraph, you want to confirm your intention of paying off the debt, but also emphasizing you can only afford to pay off a percentage of what you owe.

Then, you propose the percentage you can afford and request the debt collection agency consider you proposal as final. However, chances are a third party debt collector will send a counter proposal, which represents another reason to hire a FDCPA lawyer.

He or she will consider the counter proposal and if necessary, enter into negotiations with a representative from Prince Parker & Associates to settle the debt once and for all.

Settling an outstanding credit card or personal loan balance requires the legal expertise of a highly rated consumer protection lawyer. Contact a FDCPA lawyer today to learn how to craft a compelling debt settlement letter sent to Prince Parker & Associates.

Additional Resources

*Disclaimer: The content of this article serves only to provide information and should not be constructed as legal advice. If you file a claim against Prince Parker & Associates or any other third-party collection agency, you may not be entitled to any compensation.

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