Letter of Appeal

A Letter of Appeal is a formal written request from a debtor to a creditor, asking them to reconsider a previous denial of a debt settlement offer or to make a new offer that is more favorable to the debtor. The letter typically includes a detailed explanation of the debtor’s financial hardship and inability to pay the full balance of the debt, along with any supporting documentation or evidence. The letter may also propose a specific settlement amount or payment plan that the debtor believes is fair and reasonable under the circumstances. The purpose of this letter is to persuade the creditor to reevaluate the debtor’s situation and to negotiate in good faith to reach a mutually acceptable resolution.