US Financial Management, Inc.

                       
  
SAN DIEGO, CA 92171-2679
   
ASSOCIATED RECOVERY SYSTEMS

RE:   SETTLEMENT PROPOSAL
CREDITOR:   CITIBANK (SOUTH DAKOTA), N.A.
ACCOUNT: 
BALANCE:    $3960.19

Dear Sir/ Madam:

This letter confirms that Associated Recovery Systems is duly authorized to accept $1783.00 in full settlement of the above-referenced account provided your payment reaches this office by 1-21-06.

This will also confirm that no action has been taken against you or your credit rating by this agency.  After settlement of your account, CITIBANK (SOUTH DAKOTA), N.A. will update your credit file to reflect a settled in full account status and zero balance.  Our client is required to file information returns form 1099C with the IRS for any forgiveness of $600.00 or more.  Please consult a tax advisor if you have questions.

Your payment must reach this office by the due date or this offer will become null and void.  To ensure your funds are received by the due date, Associated Recovery Systems accepts “Quick Check” by phone and Western Union “Quick Collect” (Code City: Ambridge, California).  Your returned check may be collected electronically if the check is returned for insufficient or uncollected funds.  If your bank fails to honor your check, this offer will become null and void.

If you have any questions, please contact your account representative at
.  Our office hours are Monday through Friday 6:30 a.m. to 8:00 p.m., Pacific Time.

Sincerely,



Account Representative
ASSOCIATED RECOVERY SYSTEMS
(A division of ARS National Services, Inc.)

THIS COMMUNICATION IS FROM A DEBT COLLECTOR.  THIS IS AN ATTEMPT TO COLLECT A DEBT.
ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE.