I sent this letter today to my old finance company about a car i had repo'd back in 2008. they sent me a letter right after the repo that said i could make paymens of $50 a month. i'm pretty desperate at this point just to make it in good standing. this is what i sent along with a copy of the letter they sent me with the payment info and a self addressed envelope.
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To whom it may concern:
Currently AmeriCredit is reporting on both mine and my wife’s credit negatively. I have included a statement your company sent me when we first surrendered our vehicle back in February of 2008.
This states that we can satisfy our account by paying a monthly amount of $50.00 until the full amount of $6,670.34 is met.
I would like to make a proposal; I would like to start making monthly payments of at least $50.00 to total $6,670.34 to your company and in exchange, AmeriCredit is to no longer report our account as a charge off, or repossession and only to report as “Pays account as agreed” or “pays as agreed”. You also agree to not sell or transfer the account. If this has already been done, you agree to recall the debt from the Collection Agency and deal with me directly.
This is not a promise to pay, but an attempt to make good on a debt.
If you agree to the terms of this letter, please sign, date and mail back. Once agreed, payments will start on the 10th day of the closest month the letter is received on. (ie: if I receive it back by the end of May, I will start payment on June 10th, 2009.
Signature of company official:
Date:
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please let me know what you think?
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