Unless the agreement is in writing regarding the exact amount that both you and the creditor are settling upon, it could come back to haunt you someday. Develop a budget and stick to it at all costs. Track every penny that flows in and out of your account. The statistics reveal that even very financially responsible individuals sometimes face certain problems that are beyond their control and need a big dose of debt relief in order to help relieve their burden. In fact, your letter is an actual legal document. Therefore, anything you say in your letter can be held against you in the event you have to go to court and face legal action.
Settlement Offer Letter
How to Write a Settlement Demand Letter - Lorenz & Lorenz, L.L.P.
November 11, Demand letters are often the precursor to filing a lawsuit. Commonly used by businesses, demand letters are often sent to demand money owed or restitution, but they can also be used to demand specific actions. Having your attorney draft a demand letter can be a wise move because it gives the recipient a chance to rectify the situation without facing a lawsuit. In general, these letters lay out a brief history of disputes, demand a specific resolution by a specified deadline, provide legal justification for the demand or refer to a contract provision, and state what the sender plans to do if the demand is not met.
Below is an example settlement demand letter we wrote in a truck accident case that we ultimately settled. In some cases, the demand letter is the linchpin that gets the claim resolved. In others, it is a useless appendage that sits atop a pile of medical records and bills. Either way, you have to write the demand package like the case depends on it. Measure twice and cut once: there are a lot of mistakes you can make in putting these letters together.
This page will focus on how to write a good demand letter to the insurance carrier in an auto accident case. Before we talk about how to write a settlement demand letter in a personal injury case, here are some samples from different types of accident and injury cases:. There are a lot of articles online about how to write a good demand letter. Following useless advice will undermine your case. The size of your demand letter should correlate to the size of your claim.