Cardmember Service
P.O. Box 15548
Wilmington, DE 19885-5548
October 30,2008
Account:
BALANCE:$15803.03
Dear
We are pleased to confirm that we’ve agreed to settle your credit card account for $6400. Our settlement brings you these three
advantages:
● You will pay $6400, a significant savings over the full balance that you owe us.
● We will stop all efforts to collect.
● We will report your account to the national credit bureaus as “settled”.
Here is your schedule of payments that you have agreed to:
1st Installment
Due Date: 10/31/2008
Payment Amount: $1600
2nd Installment
Due Date: 11/30/2008
Payment Amount: $1600
3rd Installment
Due Date: 12/30/2008
Payment Amount: $1600
Final Installment Due Date: 01/30/2009
Payment Amount: $1600
Please call 1-800-848-1551 toll-free to make payment arrangements, or you can mail us your payment to the address below. For
your convenience, your first payment due will be given a 10-day grace period from the due date listed above. We must receive
your payment before your grace period expires, or before the date your account is scheduled to charge off, whichever comes
first. If you have any questions about your settlement agreement or, want to find out your charge off date, please call us 1-800-
848-1551.
Until your settlement amount is paid in full, your Annual Percentage Rate will be 14.99%. This will have no impact on your
settlement amount or payment(s). If you don’t make each payment by it’s due date located above, or we receive an insufficient
payment (NSF), our settlement agreement will terminated and your account will revert to the terms of your Cardmember
Agreement. If you are removed from the settlement plan, we’ll continue our collection efforts and any payments made to that
point would be applied to your full balance.
If you have not already done so, please destroy all the cards and convenience checks for your account as we have closed your
account as part of the settlem