To,

Nick Carter

54 Yankee Doodle Street

North Carolina, Las Vegas 7890

Dated: 12^th of January 2012

Subject: Settlement of your outstanding credit card payment

Dear Mr. Carter,

This letter is to confirm that we agree to settle your outstanding payment for the credit card account number for the amount of $40000. We would settle the amount to $10000 if we receive a payment from you by 20^th of February 2012.

If you are making a payment of less that the settlement amount then you have to notify us before hand as we need to update our client. We will send an executive to collect the money from you. You will be provided with a form that you need to fill up and give it back to the executive. You will also get a receipt notifying that you have made the payment and the amount has been settled.

You have to make payment only in cash form.

Regards,

Tom Moody

Manager, Collections Department

Finance Collection Agency