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Debt settlement agreement
templateDocuments an agreement between a creditor and debtor to resolve an existing debt — for a reduced lump sum, a new payment schedule, or both — so both sides have a clear written record of the new terms.
Good fit for
- +Resolving an existing debt for less than the full amount, by mutual agreement
- +Setting a new, more manageable repayment schedule for an existing debt
Not ideal for
- −Creating a new loan (use the personal loan agreement or promissory note for that)
Ready to fill this in
3 short steps, autosaved as you go, exportable as a PDF at the end.
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This document was generated from a template and is provided for informational purposes only. It is not legal advice. Consult a licensed attorney in your jurisdiction before relying on it.