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Academy Collection Service

Settlement Letter

ACTUAL SETTLEMENT LETTER

 

MBNA
11333 McCormick Road
Hunt Valley, MD 21031

 

To:         Debt Consolidation
Date:       January 26, 2006
Subject:  Account Settlement
Account No.: Debt Consolidation

 

This letter confirms our offer to settle the above account.

Your balance at the time of our settlement offer is $4,798.98.  We will accept $2900.00 as settlement of this account.  The payments must be received on or before the due dates listed below:

 

Below are the payment terms for your settlement:
                                                                Date                                        Amount

                                                                01/30/2006                             $966.00
                                                                02/28/2006                             $967.00
                                                                03/30/2006                             $967.00

 

 

                                                              Total                                       $2900.00

 

Please keep this letter as a confirmation of your settlement agreement, as the terms of this offer will not be reflected on your monthly statement.

If you have any questions, please call Jessica Testerman at 1-877-237-3413, Ext 12558.  Monday through Friday, 8 a.m. to 9 p.m. (Eastern Time).  Our knowledgeable Account Managers are ready to assist you.

 

Sincerely,

 

Jessica Testerman
Senior Account Manager

 

*In return, your account will be considered settled, and you will not be obligated to pay the remaining balance provided no additional charges appear on this account after the date of this letter.  Also, my future account activity that results in a credit balance may become the property of MBNA.  Any violation of this agreement will result in the full balance being due.  All payments must be received by the above stated due dates.
 
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