Make a settlement offer

This Debt Lawsuit Settlement Letter is for you if you’re currently in a debt lawsuit and you want to settle.

Tom was sued for a $3,000 debt by Debt Collectors, LLC. He filed his Answer in court. Now he wants to settle to get the lawsuit over with. He sends the lawyers the Debt Lawsuit Settlement Letter. In the letter he offers them $1,000 to pay off the debt and end the lawsuit. Debt Collectors, LLC accepts his offer. They end the lawsuit and close the debt account. The debt is now resolved.

No. At this time you need to mail the Debt Lawsuit Settlement Letter by yourself. We will provide mailing instructions.

On average, debts settle for 45% of the total amount of the debt. So, if someone is being sued for $10,000, they could attempt to settle for $4,500.

In many cases, settlement is the best outcome in a debt lawsuit. If the person being sued legitimately doesn’t owe any portion of the debt, then they should fight for an outright victory in the lawsuit. If they owe some portion of the debt, then settlement is likely the best outcome. When a case is settled, the matter is resolved in and out of court: the debt is resolved and the lawsuit is over. However, when someone who owes a debt wins the lawsuit, the collector may continue to attempt to collect the debt outside of court.