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Academy Collection Service
Settlement Letter

ACTUAL SETTLEMENT LETTER

Debt Consolidation
Debt Consolidation
San Diego, CA 92105

Simm Associtates
P.O. Box 7526
Newark, DE 19714-7526

RE: Midland Funding
Accnt #: Debt Consolidation

Balance: $5,732.06

Dear Debt Consolidation,

Following your telephone conversation on 4/10/2006, this letter is to serve as an agreement for an out of court settlement on the above referenced account in the amount of $3,725.82. This amount represents 65% of the balance owed.

To accept this agreement, make one installment in the amount of $3,725.82 due in our office by 4/13/06. Make all payments to Simm Associates, Inc. and send to the mailing address above. Please not that this is your Final installment.

In return, Midland Funding will report your account to your local credit reporting agency as settled and paid “regardless” of your past delinquency history. Any violation of this agreement will result in the full balance of $5,732.06 being due immediately.

Remember, to accept this agreement we must receive your payment by the due date. If for some reason you deviate from these arrangements in any way, the above offer is void.

Sincerely,

Wayne Wiser
Account Manager

WW/SM
This is an attempt to collect a debt by a debt collector. Any information obtained will be used for that purpose.

 
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