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ACTUAL SETTLEMENT LETTER
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MCM
midland credit management, inc.
Contact information: Tel 800-265-8825
Fax 800-476-2275
Current Owner: Midland Funding LLC
Original Creditor: CHASE BANK
Original Account No: 
MCM Account No:
Current Balance: $8,656.56
Payment Due Date: 05/15/06 |
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Dear
Congratulations on taking the first step to resolve this debt. This letter confirms our settlement arrangements on your existing account balance of $8,656.56. The settlement terms we have agreed to, is as follows:
Total Settlement Amount: $3,715.00 Initial Payment Due Date: 05/15/2006
Initial Payment Amount: $1,857.50 Monthly Due Date: 15 of each month
Monthly Payment Amount: $1,857.50
This settlement arrangement is made in good faith and is contingent upon payment of the total settlement amount. After receiving your final payment we will consider the account PAID and the credit reporting agencies will be updated accordingly.
Please return the bottom portion of this letter in the envelope provided, along with your check or money order for your initial payment. Should you have any questions regarding your payment arrangement, please call me immediately at 800-265-8825, EXT. 3101
Please understand this is a communication from a debt collector. This is an attempt to collect a debt. Any information obtained will be used for that purpose.
Sincerely,
DIANA MARTINEZ X3101, C251
800-265-8825 EXT. 3101
Account Manager
*Your credit report will not be updated if the federal reporting period has expired.
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MCM Account Number:
Current Balance: $8,656.56
Amount Due: $1,857.50
Make Check Payable to: Midland Credit Management, Inc. Midland Credit Management, Inc.
Department 8870
Los Angeles, CA 90084-8870
Payment Due Date: 05/15/2006
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