How to Write a Debt Settlement Letter

Many people have unsettled debts which eventually destroy their credit scores. A debt settlement letter enables you to come to an agreement with your creditor. This will enable you to pay what you owe without putting financial strain on your budget. It may also lift your credit score. Another advantage of a debt settlement letter is that most creditors will agree to the terms because they want to recover some of their money. Listed below are tips on how to write a debt settlement letter.