This letter offers to return Secured Property, purchased on credit.
LETTER OFFERING TO RETURN SECURED PROPERTY
Dear Sir or Madam:
I am writing in regard to my account with you, number _____________________, which I used to purchase the following items on a secured basis:
DATE
ITEM
COST
As you may be aware, I have been experiencing financial difficulties lately. I wish to propose the following settlement offer for this account. I will return the secured property to you in exchange for cancellation of the debt and a neutral/positive rating for this account being reported to credit reporting agencies.
Please respond to this offer in writing within fourteen days.
Sincerely,