Is this a good response to a collection agency for a debt from repo?

To whom it may concern:

On 2 Nov 2007, I have been aware of the debt listed in the amount of $11,473.20.
I also have been going through personal finances to see every and each possible
way to fulfill this in a settlement. Please ensure that I do intend paying off this
debt in a respectful manner. I have exhausted every financial obligation in order
to make an offer in the amount of $7457.58 without having to file for bankruptcy.
Due to my poor credit caused by GMAC, I have no other resources other than the amount offered above to fulfill the amount you seek.
If agreement(of my offer) is made, payment will be rendered within 90 days in the full amount offered.
GMAC did not notify me of debt until I received your letter. They also did not notify
me of the auction on my vehicle which from I understand is required by law. I did leave corresponding address/phone number to my assigned agent at GMAC contact me regarding debts, questions, or concerns. I consider GMAC disrespectful to the amount of my debt.

Regards,

If part of the repo may not have been legal why are you offering to pay?

Do some research if they really did something illegal maybe they should pay you.

I sounds good to me. You should contact them by phone soon because this needs to be settled asap.

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