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Nationwide Credit, Inc. - Sample Letter

RE: Discover Card
Balance: $4,589.63

Be advised that both this agency and DISCOVER CARD agree to settle the above referenced account for $1,200.00.

Make your check payable to DISCOVER CARD and return in the enclosed envelope no later than 9/16/2008.

If you have any questions, please contact a collection manager for clarification.

The total account balance as of the date of this letter is shown above. Your account balance may increase due to interest or other charges, if so provided with your agreement with your creditor.

Debt Relief Options

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  • Put Your Head in the Sand
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  • Bulldozer approach
  • Informal Strategies—Debt Management and Debt Settlement
  • Formal Strategies—Chapter 7 and Chapter 13
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Options Comparison Chart

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Here is Chart which outlines the Pluses and Minuses of the Informal and Formal Strategies to solving your financial problems. This is the only Chart of its kind and we have to discuss and explain it to you because most clients still have many questions about it due to the fact that it is so unique.

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