One Time Settlement Letter Format to Bank Manager

Are you looking for a simple format to write a “One Time Settlement Letter” to your bank manager? This letter can help you negotiate with your bank about settling your debts. It’s important to be clear and professional when requesting a one-time settlement, and this guide will assist you in achieving that.

Debts can be overwhelming, but banks often consider one-time settlements to help you resolve them. It’s when you agree to pay a lump sum that’s less than your total debt. This letter format will make it easy for you to express your intention and offer a settlement to your bank manager.

In this guide, we’ll provide you with an active voice letter format for a one-time settlement, simplifying the process for you. You’ll find it easy to use this format to communicate with your bank manager and potentially find a resolution that suits both parties.

Sample Letter Forma One Time Settlement to Bank Manager

TEMPLATE

Date: __________

From,
(Name of the Credit Cardholder)
(Registered Address)
(Telephone Number)

To,
The Customer Care Manager
(Name of the Bank)
(Address)

Sub.: Request for One-Time Settlement of Credit Card Debt

Dear Sir/Madam,

I am writing this letter to request a one-time settlement of my credit card debt. My credit card number is ___________, and I have an outstanding balance of Rs. _____________ as of (Date).

I had been using the credit card for several years and had always made timely payments. However, due to an unexpected financial crisis in my family, I was unable to pay the bills on time. I had to use my credit card to pay for some emergency expenses, and as a result, the amount due kept increasing.

I understand that my account is overdue, and your collection team has been contacting me frequently. However, the constant calls and emails have become a source of anxiety and stress for me. I am currently going through a tough phase, and the harassment from the collection team is only making it worse.

Therefore, I request you to consider my proposal for a one-time settlement of Rs. __________ (Rupees _______________ only) in order to close my credit card account. I am willing to make the payment by (Date). I understand that this amount is less than the total amount due, but it is the best I can offer given my current financial situation.

I hope you will understand my situation and consider my proposal favorably. I am willing to cooperate with you in any way possible to resolve this issue.

Thank you for your understanding and cooperation.

Yours faithfully,

(Signature)
(Name of the Credit Cardholder)

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