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Debt Settlement Letter By Collection Agency
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Debt Settlement Letter to SRS and Associates Inc.*

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It starts with a letter that does not alarm you. After all, you know about the outstanding credit card or personal loan balance you have with a creditor. What alarms you are the phone calls that follow coming from a debt collection agency like SRS and Associates Inc.

The overwhelming anxiety caused by the large delinquent consumer debt has negatively impacted your career and more important, the relationships you have with friends and family members.

How do you handle a third party debt collector such as SRS and Associates Inc?

Consumers have several options when it comes to dealing with bill collectors. They can dispute the legitimacy of an alleged debt or invoke the statute of limitations imposed by state law. You can also send SRS and Associates Inc. a letter that proposes an amount to settle the consumer debt in question.

The debt settlement letter should also include how you plan to take care of the outstanding credit card or personal loan account. You can send a lump sum payment or propose to spread the payments over several months.

Why You Need a Lawyer to Deal with SRS and Associates Inc.

Working with a licensed consumer protection lawyer helps you convince SRS and Associates Inc. to agree to your debt settlement proposal. Your attorney will also ensure the debt collection agency abides by the provisions listed in the ground breaking Fair Debt Collection Practices Act (FDCPA).

The FDCPA allows consumers to sue third party debt collectors that perform one or more of the following actions:

  • Implement deceptive debt collection techniques
  • Use abusive language
  • Issue threats to you and/or relatives
  • Call at odd hours of the day
  • Make false and/or misleading statements

Under the FDCPA, consumers have the right to file lawsuits seeking damages for violating the FDCPA, as well as actual damages from enduring emotional duress. For example, the actions of a bill collector can adversely affect the professional relationships you have established at work.

Debt Settlement Letter to SRS and Associates Inc.*

Getting a Debt Settlement Letter Right the First Time

Sending a debt settlement letter to SRS and Associates Inc. must convince the debt collection agency to settle for a fraction of what you owe the original creditor. Although some third party debt collectors settle consumer debts for 25 cents on the dollar, you can expect to settle a consumer debt for no less than 50% of what you owe.

The debt settlement letter you send to a bill collector must include the account name and number at the top of the letterhead. Above the account name and number should be your contact information and the date of the debt settlement letter.

The date acts as the starting point for timing every legal action that follows the sending of a debt settlement letter. By working with an FDCPA attorney, you will propose an amount that is reasonable to SRS and Associates Inc.

Moreover, your lawyer will advise you on whether to propose a lump sum settlement or offer to settle the debt by creating a monthly payment plan.

SRS and Associates Inc. works with an accomplished team of litigators that know every provision written into the FDCPA. Make sure you come to the debt settlement negotiating table on even legal ground by speaking with an experienced consumer protection attorney.

*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 Collection SRS and Associates Inc. or any other third-party collection agency, you may not be entitled to any compensation.

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      By submitting above, I agree to the privacy policy and disclaimer and consent to be contacted by an agent via phone call or text message at the phone number(s) listed above, including wireless number(s). Calls may be auto-dialed/pre-recorded. Consent is not required to utilize our services.