Printable Contracts

   Debt Settlement Agreement

    

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Debt Settlement Agreement

Whereas _______________________________ has a debt in the amount of ____________________ owed to _______________________________.

Whereas _______________________________ has been delinquent in payment of this debt since __________________ and has thus accrued late fees in the amount of _______________.

Whereas _______________________________ wishes to resolve this debt swiftly and amicably.

_______________________________ has completed the paperwork necessary for the debt settlement process.

Now, therefore, both parties agree to the following as a settlement of this debt:

_______________________________ will pay _________ each ___________ until the newly agreed upon amount of ___________ has been satisfied in its entirety.

Failure on the part of _______________________________ to make these new payments on time and in full will result in breach of this contract, and will allow _______________________________ to assess late fees of ___________ every ____________.

Consistent failure to make payments gives _____________________________ cause and justification to begin debt collection proceedings immediately, and to pursue any legal avenues in the appropriate courts of law in the state of _________________.

Repayment will begin on _________________.


____________________________                                  ____________________________
Debtor Name                                                                     Debtor Signature


Date:

____________________________                                  ____________________________
Creditor Name                                                                   Creditor Signature

Date:

Create your own printable contract — FREE!

OR

Formatted and ready to use with Microsoft Word, Google Docs, or any other word processor that can open the .DOC file format.

Customize your Debt Settlement Agreement and print in minutes. Step-by-step guidance throughout the process, powered by Rocket Lawyer.


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