US Financial Management, Inc.

cept a settlement offer. Results may vary.

SAMPLE ONLY
U.S. Financial Management is NOT affiliated
with this company. U.S. Financial Management
is NOT a collection agency. This letter is an example
settlement we have obtained for a client.

ACTUAL SETTLEMENT LETTER

PHILLIPS AND COHEN ASSOCIATES, LTD.

Newark, DE 19702

SAN DIEGO, CA 92171-2679

Office Hours: M – Th. 8am – 9pm; Fri.: 8am – 6pm; Sat.: 8am – 12pm

November 22, 2005

Our Client: HILCO RECEIVABLES, LLC.
Original Creditor:  Providian
Client Acct. #:
Our Acct. #:
Prin. Balance:  $5,164.96
Settlement:  $2,065.98

Dear :

Pursuant to our telephone conversation of November 22, 2005, Phillips and Cohen Associates, Ltd. has been retained to serve as authorized representatives for HILCO RECEIVABLES, LLC.

Effective immediately, Phillips and Cohen Associates, Ltd. has been authorized to accept $2,065.98 as settlement in full on the above referenced account if consummated on or before November 21, 2005.

Upon receipt of $2,065.98, you will be released from any further obligation to HILCO RECEIVABLES, LLC regarding the above referenced account.

SETTLEMENT TO BE CONSUMMATED AS FOLLOWS:
$2,065.98 BANK DRAFT TO BE RECEIVED BY PHILLIPS AND COHEN ASSOCIATES AT THE ABOVE ADDRESS ON OR BEFORE NOVEMBER 21, 2005.  UPON COMPLETION OF THE SETTLEMENT YOUR CREDIT WILL BE AMENDED TO REFLECT SETTLED IN FULL STATUS.

Thank you for your prompt attention to this matter.

Sincerely,


Co-Chairman/ CEO

This is an attempt to collect a debt and any information obtained will be used for that purpose. This communication is from a debt collector.