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Create a PDF Debt Settlement Agreement Template Template

Create a PDF Debt Settlement Agreement Template Template

Aug 6th, 2022

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How to Create a PDF Debt Settlement Agreement Template Template

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A debt settlement agreement is utilized to confirm the renegotiation or settlement between a debtor and creditor. It typically reduces or eliminates the original debt amount, allowing the creditor to forgive part of it and release the debtor from further obligations. Usually, this occurs after the debtor makes a final payment following the agreement's execution. The creditor is expected to remove any of the debtor's obligations under the original contract and renounce any efforts to pursue action against the debtor related to that agreement.

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