ASSOCIATES RECOVERY LLC 833-883-2928 RON CURRY 1219 CURRY BRANCH RD MANCHESTER, KY 40962 MB2045273 Re: Original Creditor: HSBC/DISCOVER Account Number: *0037 Outstanding Balance: $29,841.06 File Number: MB2045273 RON CURRY, 10/21/2024 This letter is to confirm the proposed settlement acceptance for the unpaid balance of $29,841.06 for $5,639.44. The terms of settlement are as follows:
Settlement Amount Approved: $5,639.44 This arrangement is contingent upon timely payment(s). The settlement amount above will be honored, provided the full arrangement amount is paid in accordance with the payment schedule outlined below: If the payment arrangement consists of additional payments, please refer to the table on the additional page(s) for the remaining schedule.
Payment Schedule 10/21/2024 Amount Due $5,639.44 For the Settlement offer to be active, the accompanying Debt Settlement Agreement must be reviewed and signed. Fulfillment of the terms of the Debt Settlement must be met to retain the right to close your unpaid balance for the settlement amount. Deviation or changes from the terms and conditions of the settlement agreement must provide notice of change within 48 hours to our office.
Upon full compliance with and repayment of the amount stated in the Debt Settlement Agreement, your account will be considered paid in full. Upon receipt and clearance of the full arrangement amount, no further attempts will be made to collect the remaining balance.
Payment(s) must be made by their agreed upon due date(s). Failure to remit timely payment(s) for the arrangement amount by the date(s) referenced above may result in forfeiture of settlement arrangement. If you have any questions or concerns regarding the account(s) listed above, please contact all communications with a customer service representative within the office, Monday through Friday, 9am – 5pm est. Thank you for choosing to work with, Associates Recovery Group LLC This is an attempt to collect a debt and any information obtained will be used for that purpose. This is communication from a debt collector. DEBT SETTLEMENT TERM AND CONDITIONS OFFER AND ACCEPTANCE The undersigned, RON CURRY ("Borrower"), at 1219 CURRY BRANCH RD, MANCHESTER, KY, 40962 agrees to enter into a Debt Settlement Agreement (“Agreement”) with ASSOCIATES RECOVERY GROUP LLC (“Servicer”), on 10/21/2024. The Borrower acknowledges ownership of the underlying principal debt of $29,841.06 originated through DISCOVER ("Originator"). I. TERMS OF REPAYMENT The New Creditor agrees to settle the unpaid principal accrued by the Borrower from the Originator in the amount of $5,639.44 (‘Settlement’) effective on this date pending successful receipt of a signed acknowledgement and funds from the Borrower. A. Payments The Borrower agrees to the following Repayment Schedule: Date Amount Date 10/21/2024 Amount $5,639.44 II. RELEASE OF CLAIM The New Creditor agrees to release all future claims related to this account against the Borrower pertaining to the principle debt acquired through the Originator upon satisfaction of the Agreement in accordance with the Repayment Schedule. III. DEFAULT If any of the following events of default occur, the Agreement and any other obligations of the Borrower to the New Creditor shall become due immediately without demand or notice, and include additional collection costs and legal fees: 1) The failure of the Borrower to pay the Settlement when due; 2) The filing of bankruptcy proceedings involving the Borrower as a debtor; 3) The application for the appointment of a receiver for the Borrower; 4) The making of a general assignment for the benefit of the Borrower's creditors; 5) The insolvency of the Borrower; 6) A misrepresentation by the Borrower to the New Creditor for the purpose of obtaining or extending credit 7) Reversal of funds via chargeback or ACH cancellation on any date following the initial payment date. IV. SEVERABILITY OF PROVISIONS If any one or more of the provisions of the Agreement are determined to be unenforceable, in whole or in part, for any reason, the remaining provisions shall remain fully operative. V. MISCELLANEOUS No delay in enforcing any right of the New Creditor under the Agreement, or assignment by New Creditor of the Agreement, or failure to accelerate the debt evidenced hereby by reason of default in the payment of a monthly installment or the acceptance of a past-due installment shall be construed as a waiver of the right of New Creditor to thereafter insist upon strict compliance with the terms of the Agreement without notice being given to Borrower. All rights of the New Creditor under the Agreement are cumulative and may be exercised concurrently or consecutively at the New Creditor's option. The Agreement may not be amended without the written approval of the New Creditor. VI. SIGNATURES By signing the Agreement, RON CURRY, approves the settled debt amount to be charged to the Borrower’s credit card/debit card/bank account, and further agrees to not reverse this transaction. Borrower: RON CURRY By: Date: 10/21/2024 This is an attempt to collect a debt and any information obtained will be used for that purpose. This is communication from a debt collector.