Free Sample Letter
for Closing Inactive Credit Accounts With Zero Balance
Today's Date
Your Name
Home Address
Phone Number
Attention: {Creditor's Name}
Creditor's Address
RE: Account #: {your account number here}
Dear Accounting Department {or Creditor's Name if you have it}
Please close the above referenced account effective immediately. I spoke
with {insert name} on {insert date} at {insert time}, and {he/she} assured
me that the "payoff balance" would be no more than $ {insert
dollar/cents amount}. I've enclosed a check for that exact amount.
Or alternatively... Please close the above referenced account effective
immediately. My records indicate the account has a zero balance.
Please send me written confirmation that this account has a zero balance
and the date the account was closed . Also, include proof that you've
complied with section 623(a)(4) of the Fair Credit Reporting Act by reporting
this account as "closed by consumer" to the national credit
bureaus.
Thank you for your cooperation. If you have any questions concerning
this matter I can be reached at (insert daytime phone number and area
code)
Sincerely,
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