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Academy Collection Service

Settlement Letter

ACTUAL SETTLEMENT LETTER

01-23-06

Debt Consolidation       
9306861
Debt Consolidation
SAN DIEGO CA 92171

 

RE:  BANK OF AMERICA (7290) CC 2ND
REFERENCE #: Debt Consolidation
CI ACCOUNT #: Debt Consolidation
BALANCE OWING: $9,219.23


CREDITORS INTERCHANGE
80 Holz Drive, Buffalo, NY 14225
Phone: 716.614.7500
Fax: 716.614.7546

DEAR Debt Consolidation

This letter is intended to verify that we, Creditors Interchange have been authorized to accept $5,531.55 by 1-24/06 as settlement in full for the above mentioned account.  Failure to comply with these agreed conditions will make this offer null and void.

Upon clearance of your payment(s), the account will be considered settled in full.  The account history will be reported as a “settled as agreed” charged-off account.  In the event your write-off balance exceeds $600.00, it will be your responsibility to claim that amount as earned income on your tax return for the following year.  Bank of America will provide you with the necessary 1099c form and notify the IRS of the amount of the write-off balance.

This is an attempt to collect a debt and any information obtained will be used for that purpose.  This is a communication from a debt collector.

New York City Department of Consumer Affairs License Number: 1168153

Sincerely,
Creditors Interchange

 

Brenda Verspaget, PH: 1-877-770-6318 x3765
Collection Consultant                      Managerial Approval

BOFASIF: cpu

Buffalo Office Hours:   (Eastern Standard Time)
8:00AM – Midnight Monday – Thursday 8:00AM – 9:00PM Friday
8:00AM – 9:00pm Friday 8:00AM - 2:00PM Saturday 9:0AM – 1:00PM Sunday

 
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