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ACTUAL SETTLEMENT LETTER
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San Diego, CA 92171-2679
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Wells Fargo
7000 Vista Dr
West Des Moines, IA 50266
RE: Acct #:
Acct Bal: $4089.92 |
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This is to confirm our conversation regarding the above captioned account. Wells Fargo Bank will accept #1431.47 on this account as settlement in full. We will cease further efforts to collect the reaming balance if payment is received by 4/6/06.
The Internal Revenue Service requires financial institutions to annually report to the IRS all debts in excess of $600 that were discharged by mutual agreements between institutions and their customers. The settlement amount that you have agreed to may result in discharge of more than $600 if the principal balance due on your account, therefore, we may be required to report this settlement to the IRS.
Sincerely,
Penny Brahms
Recovery Dept
Wells Fargo Card Services
800-272-1514
“State law requires us to inform you that this communication is an attempt to collect a debt and that information obtained will be used for that purpose.” | |
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