The Debt Settlement Letter to a Collection Agency is a crucial document used in Austrian debt resolution processes when a debtor wishes to negotiate a settlement of outstanding obligations with a collection agency. This document is typically employed when the original debt has been transferred to or is being managed by a collection agency, and the debtor is prepared to make a settlement offer. The letter must comply with Austrian legal requirements, including the ABGB (Austrian Civil Code), Consumer Protection Act (KSchG), and relevant financial regulations. It serves as a formal proposal detailing the settlement terms, including the proposed payment amount, payment schedule, and any conditions attached to the settlement offer. The document is particularly important in establishing a clear record of the settlement proposal and can be used as a reference point for any future legal proceedings or disputes.
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1. Sender Information: Full name, address, and contact details of the debtor
2. Date: Current date of the letter
3. Recipient Information: Collection agency's name, address, and relevant contact information
4. Account/Reference Numbers: All relevant account numbers, reference numbers, and original creditor information
5. Debt Acknowledgment: Clear statement of the debt amount being addressed
6. Settlement Proposal: Specific settlement offer with proposed amount and payment terms
7. Payment Method: Details of how and when payments will be made
8. Request for Written Confirmation: Request for written acceptance of the settlement offer
9. Communication Preferences: Preferred method of future communications
10. Signature: Formal signature block with full name and date
1. Hardship Declaration: Explanation of financial hardship circumstances if relevant to negotiation
2. Dispute Notice: Statement of any disputed portions of the debt, if applicable
3. Settlement Conditions: Any specific conditions attached to the settlement offer
4. Credit Reporting Request: Request regarding how the settlement will be reported to credit bureaus
5. Legal Representation: Reference to legal representation if applicable
6. Without Prejudice Declaration: Legal protection statement for settlement negotiations
1. Payment History Documentation: Record of any previous payments made on the debt
2. Original Debt Documentation: Copies of original debt agreements or statements
3. Financial Hardship Evidence: Supporting documents for hardship claims if applicable
4. Proposed Payment Schedule: Detailed schedule of proposed payments if paying in installments
5. Power of Attorney: If letter is being sent by an authorized representative
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